Financing the Apocalypse

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Exploring the 400-year evolution of capitalism, the book highlights the persistent threat of financial instability throughout its history. It examines how the aggregation of capital for investment is inherently susceptible to risks, speculation, and crises, leading to significant economic devastation. Influential economic historians like Hyman Minsky and Charles Kindleberger are referenced to illustrate recurring boom-bust patterns, shedding light on the cyclical nature of financial turmoil.