THE FINANCE CURSE
In The Finance Curse: How Oversized Financial Sectors Attack Democracy and Corrupt Economics, John Christensen and Nicholas Shaxson make a detailed rebuttal of the common sense surrounding finance and its role in an economy.
The evidence they assemble suggests that, far from being an asset, a large and globally 'competitive' financial sector, above a certain size, becomes a drain on the rest of the economy.
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A commercial edition of The Finance Curse e-book is available on Kindle, for a nominal fee.
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The latest edition of Tax Justice Focus, TJF: Finance Curse (September 2013) is available here, with its individual feature articles also available separately on Open Democracy.
Previous editions of Tax Justice Focus are here.
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Heaven help you if you live in a country with a 'competitive' financial centre
Other material, news and Updates
June 13, 2013 - David Ricardo, "competitive" banking and the Finance Curse