Casino Capitalism

This influential work, Casino Capitalism, critically analyzes the behavior of international financial markets and their societal implications.

A significant work in political economy, Casino Capitalism offers a critical examination of the international financial markets and their influence on global dynamics. Originally published in 1986, this reissue comes with a fresh introduction that highlights the prescient nature of the author’s insights, particularly in light of the global financial crisis that has unfolded since her initial publication. The text delves into the dual nature of money, exploring its potential to foster positive change while also acknowledging its capacity for disruption and harm.

The essence of Casino Capitalism lies in its argument that the financial system has developed in ways that often evade the oversight of democratic institutions. This concern is particularly relevant in today’s context, where financial power increasingly shapes political landscapes. The author emphasizes that the management of money should not be left solely to bankers and economists, advocating for a broader societal engagement in financial matters.

This edition features a compelling introduction by Matthew Watson, who contextualizes the work within its historical framework and underscores its contemporary significance. Casino Capitalism appeals not only to scholars and students of economics and globalization but also to general readers interested in the intersections of capitalism and economic history, making it a vital contribution to the discourse on financial systems and their impact on society.