Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy

ISBN......Page 2
Title Page......Page 3
Acknowledgments......Page 4
Introduction......Page 5
The Parasite, the Host, and Control of the Economy’s Brain......Page 16
The Twelve Themes of this Book......Page 28
Chapter 1 The Financial Sector’s Rise to Power......Page 32
Chapter 2 The Long Fight to Free Economies from Feudalism’s Rentier Legacy......Page 41
Chapter 3 The Critique and Defense of Economic Rent, from Locke to Mill......Page 50
Chapter 4 The All-Devouring “Miracle of Compound Interest”......Page 62
Chapter 5 How the One Percent holds the 99 Percent in Exponentially Deepening Debt......Page 71
Chapter 6 Rentiers Sponsor Rent-Free National Income Statisticsindd......Page 80
Chapter 7 The Failed Attempt to Industrialize Banking......Page 96
Chapter 8 The Stock Market as a Predatory Arena......Page 112
Chapter 9 From the Stock Market’s Origins to Junk Bonding......Page 123
Chapter 10 Finance vs. Industry......Page 138
Chapter 11 The Bubble Sequence......Page 149
Chapter 12 The Bankers Saw It Coming but Economists averted their Eyes......Page 164
Chapter 13 The Bailout Coup of 2008......Page 178
Chapter 14 The Giveaways get More Deeply Politicized and Corrupt......Page 193
Chapter 15 Wall Street Pretends to Insure against the Crash......Page 206
Chapter 16 Bailing out of Goldman via AIG......Page 217
Chapter 17 Wall Street Takes Control and Blocks Debt Writedowns......Page 228
Chapter 18 From Democracy to Oligarchy......Page 242
Chapter 19 Europe’s Self-imposed Austerity......Page 255
Chapter 20 The Neoliberal Conquest of Post-Soviet Latvia......Page 267
Chapter 21 Creation of the Troika and its pro-Rentier Agenda......Page 279
Chapter 22 High Finance turns Greek Democracy to “Junk”......Page 290
Chapter 23 Installing Technocrats as Proconsuls......Page 300
Chapter 24 The Troika’s Road to Debt Serfdom......Page 311
Chapter 25 Creditor Colonialism......Page 322
Chapter 26 Financial Austerity or a Clean Slate?......Page 335
Chapter 27 Finance as War......Page 346
Chapter 28 Is the Mode of Parasitism overshadowing the Mode of Production?......Page 361
Chapter 29 The Fight for the 21st Century......Page 371