This is Ali Maverick Thomas posting. Unless we understand our past, we cannot change our future. The Lords of Creation, first published in the midst of the Great Depression, when the financial catastrophe was still painfully fresh, is a fascinating story of bankers, railroad tycoons, steel magnates, speculators, scoundrels, and robber barons. It is a tale of innovation and shocking exploitation—and a sobering reminder that history can indeed repeat itself. ..Gretchen Morgenson thoughtfully states in her introduction, “It is not immediately clear why the frequency and severity of financial scandals is increasing in the United States. What is clear is that we need to understand the origins of these disasters, as well as the policies and people that bring them on. . . . While distant actions may seem unrelated to current events, rereading about the past almost always provides surprising insights into the present.”
Posted on: Sun, 29 Jun 2014 23:17:40 +0000
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