L. Dowbor. The Age of Unproductive Capital: New Architectures of Power – Cambridge Scholars, UK, 2019
This book offers a very direct and readable analysis of the main challenges facing our societies today, such as reducing inequality, protecting the planet, and in particular mobilizing our financial resources which linger in tax havens and feed speculation, instead of funding the sustainable development we need. It precisely considers the most important factors, including corporate governance, financialization, capturing political power, and the limits to adequate national economic policies in a world dominated by global finance. The Brazilian experience has been highlighted. The book’s presentation of how sensible and productive policies are dismantled will be highly interesting for the international community, whether in the academic, corporate or government spheres.
“Ladislau Dowbor’s work on unproductive capital [is] a revealing and deeply informed study of the enormous power that has accrued to financial institutions and the deleterious impact on the global economy as financial transactions drain the economy and undercut productive investment. Dowbor’s focus is on the Brazilian experience, analyzed with care and insight, but the implications, as he clearly shows, are global in scope. A very important contribution.” Noam Chomsky – Massachusetts Institute of Technology, USA
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