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Alt-Finance - How the City of London Bought Democracy (Hardcover)
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Alt-Finance - How the City of London Bought Democracy (Hardcover)
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Powerful financial forces have supported the neoliberal project
since the 1980s to advance their interests; but there are now signs
that these forces have a new face and a new strategy. The majority
of the British finance sector threw its support behind Britain
leaving the European Union, a flagship institution of
neoliberalism. Beyond this counterintuitive move, what was really
happening and why? Alt-Finance examines a new authoritarian turn in
financialised democracies, focusing on the City of London,
revealing a dangerous alternative political project in the making.
In a clash with traditional finance, the new behemoths of financial
capital - hedge funds, private equity firms and real estate funds -
have started to cohere around a set of political beliefs, promoting
libertarian, authoritarian, climate-denying and Eurosceptic views.
Protecting investments, supressing social dissent and reducing
state interference are at the core of their mission for a new world
order. By following the money, the authors provide indisputable
evidence of these worrying developments. Through a clear analysis
of the international dealings of this new authoritarian-libertarian
regime, not just in Britain but in the US and Brazil, we can
understand how our world is being shaped against our will by
struggles between dominant groups.
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