These classic books tell how modern capitalism in Europe and the US changed from a system that manufactured actual products into a financialized trading desk for credit derivatives and leverage.Visit Business Insider's homepage for more storiesFifty years ago, capitalism in the West was based on manufacturing which provided well-paid, lifelong jobs and close to full employment.
It's a fantastically detailed personal account — based on letters and diaries — of the men who controlled the world's currencies during the historic financial crisis that continues to dominate how we think about economics today. It's grueling stuff — but required reading if you want to know what "blue-collar" really meant in the days when work was done in factories rather than offices."Rank and File; Personal Histories by Working Class Organizers" - Alice and Staughton Lynd, 1973BARBARIANS AT THE GATE : An epic thriller about '80s excess, a time when debt financing replaced manufacturing as capitalism's main focus.
KKR then stripped its assets as it struggled to pay the debt that financed the deal, turning a once-great consumer product empire into a husk of its former self. LIAR'S POKER : The classic tale of life inside Salomon Brothers that defined how stories about Wall Street are told.This was Michael Lewis's first book, and it covers the three years he spent as a bond trader at Salomon Brothers in the 1980s.
Milken's firm also threw a legendary annual party in Beverly Hills called "The Predator's Ball," at which stars like Frank Sinatra, Diana Ross, and Kenny Rogers performed. The guests — mostly male investors — were also entertained by dozens of female "models" paid to be there.
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I need the list of them