Age Shock and Pension Power: How Finance is Failing Us
Editorial Reviews
Book Description
Blackburn exposes the absurdity of trusting the fate of an ageing population to a financial world beset by corruption and greed, and suggests alternatives.
The last few years have shown how badly the financial services industry performs as a custodian of savings and pension funds. The "skimming" of US mutual funds, the see-saw of the stock markets and a string of business scandals from Enron to Parmalat have wiped billions from the savings of employees on both sides of the Atlantic.
Age Shock and Pension Power explains why attempts to meet the costs of an ageing society through a proliferation of financial products are doomed to fail and have a host of unfortunate side-effects. In fact, "financial engineering" has helped corporations to escape taxation while allowing a new breed of chief executive to accumulate extravagant fortunes at the expense of shareholder and employee alike.
Exploring solutions, Blackburn identifies new sources of pension finance-especially ways of ensuring that corporations make a real contribution-and sketches the shape of a progressive and responsible pension fund regime, embracing all citizens and accountable to them.
About the Author
Robin Blackburn teaches at the Graduate Faculty of the New School University, and in the Sociology Department of the University of Essex.
Age Shock and Pension Power: Grey Capital and the Challenge of the Aging Society,Robin Blackburn,Verso,1844670139,Business & Economics,Business/Economics,Economics - General,Finance,Financial Markets,General,Personal Finance - Retirement Planning,Politics / Current Events,Politics/International Relations,Public Policy - Social Security,Social Policy,Business & Economics / General,Pensions
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