
Wall Street's takeover of Main Street exposed: Rana Foroohar's acclaimed analysis reveals how finance prioritizes profits over growth while commanding disproportionate wealth. Praised by The New York Times for illuminating why our economy leaves too many behind - a wake-up call for anyone wondering why prosperity feels rigged.
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Picture one of the world's most profitable companies sitting on a mountain of cash-$145 billion-and then borrowing $17 billion. Sounds absurd, right? Yet that's exactly what Apple did in 2013. Tim Cook didn't need the money. Apple could have funded stock buybacks from its enormous reserves. But bringing that overseas cash home meant paying taxes, so Cook borrowed instead, temporarily inflating share prices to satisfy activist investors like Carl Icahn. This wasn't just corporate strategy-it was a symptom of something deeply broken in American capitalism. We've entered an era where finance doesn't serve business; it dominates it. Wall Street thinking has infected every corner of our economy, transforming companies from makers into takers, from innovators into financial engineers. The question isn't whether this shift happened-it's how we got here and what it's costing us.
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Создано выпускниками Колумбийского университета в Сан-Франциско
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Создано выпускниками Колумбийского университета в Сан-Франциско

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