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Books > Business & Economics > Finance & accounting > Finance
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Bernie Madoff and the Crisis - The Public Trial of Capitalism (Hardcover)
Loot Price: R3,023
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Bernie Madoff and the Crisis - The Public Trial of Capitalism (Hardcover)
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Bernie Madoff's arrest could not have come at a more darkly poetic
moment. Economic upheaval had plunged America into a horrid
recession. Then, on December 11, 2008, Madoff's $65 billion Ponzi
scheme came to light. A father turned in by his sons; a son who
took his own life; another son dying and estranged from his father;
a woman at the center of a storm-Madoff's story was a media magnet,
voraciously consumed by a justice-seeking public. Bernie Madoff and
the Crisis goes beyond purely investigative accounts to examine how
and why Madoff became the epicenter of public fury and titillation.
Rooting her argument in critical sociology, Colleen P. Eren
analyzes media coverage of this landmark case alongside original
interviews with dozens of journalists and editors involved in the
reportage, the SEC Director of Public Affairs, and Bernie Madoff
himself. Turning the mirror back onto society, Eren locates Madoff
within a broader reckoning about free market capitalism. She argues
that our ideological and cultural tendencies to attribute blame to
individuals-be they regulators, victims, or "monsters" like
Madoff-distracts us from more systemic critiques. Bernie Madoff and
the Crisis offers fresh insight into the 2008 crisis, whether we
have come to terms with it, and what we have yet to gain from the
case of the century.
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