Age shock : how finance is failing us by Blackburn, Robin instant download

Age shock : how finance is failing us by Blackburn, Robin instant download

Includes bibliographical references and index, Introduction : the need for a new collectivism -- The new life course : its shape and costs -- The divided welfare state and the river of time -- Commercial and corporate failure -- The murky world of Grey capital -- The limits of reform and shareholder activism -- The need for strong public pensions -- How to finance decent pensions-and tame the corporations -- Epilogue, The last few years have shown how badly the financial services industry performs as a custodian of savings and pension funds. The \"skimming\" of US mutual funds, the see-saw of the stock markets and a string of business scandals from Enron to Parmalat have wiped billions from the savings of employees on both sides of the Atlantic. They have also exposed the absence of responsibility at the heart of what Robin Blackburn calls 'grey capitalism.' Here, Blackburn takes forward the argument of his acclaimed Banking on Death and explains why attempts to meet the costs of the ageing society through a proliferation of financial products are doomed to fail and have a host of unfortunate side-effects. In fact, 'financial engineering, ' as it is called, has enabled corporations to escape taxation while allowing a new breed of chief executive to accumulate extravagant fortunes at the expense of shareholder and employee alike. -- Book jacket