The Death of Capital discusses the phenomenon described as ‘the financialization of the U.S. economy’ or how financial speculation came to dominate our economy at the expense of productive capital resulting in an increasingly unstable economic base. Lewitt looks at how the U.S. economy has increasingly been dominated by short-term predictions rather than industrial expansion in recent years. The book is also a broad discussion of the cultural and societal factorsthat are closely related to what happened on Wall Street. The book is separated into three parts. Part I addresses this financialization and its consequences such as a weaker U.S. dollar, the destruction of American industries, and the loss of American economic and political influence. Part II discusses how the legal system aided economic weakening by privileging short term investment goals. Part III is a call for change that discusses projects and initiatives torejuvenate the economy and provide a basis for sustained growth.Michael E. Lewitt (Boca Raton, FL) is the President of $1 billion Hegemony Capital. Mr. Levitt has functioned as a research analyst, investment strategist and portfolio manager for HCM Groups high yield fixed income and bank loan portfolios. He has worked in the securities business since 1987 and has substantial experience and knowledge of the legal, tax and financial issues involved incomplex corporate transactions, corporate securities and hedge funds. From 1987 to 1990, Mr.. Levitt was an investment banker at Drexel Burnham and Security Pacific Merchant Bank, where he originated, processed and marketed equity and debt offerings, merger and acquisition transactions and exchange transactions. He earned his JD and LLM in Taxation degrees from New York University School of Law in 1985 and 1988, respectively. Mr.. Lewitt authors The HCM Market Letter, a monthly review of the financial markets and political world. He also serves on the editorial board of Trusts & Estates magazine.
- ISBN: 978-0-470-46650-6
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 304
- Fecha Publicación: 12/05/2010
- Nº Volúmenes: 1
- Idioma: Inglés