The casino image gone mad
in Mad Money
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Family businesses painstakingly built up over the years were bankrupted. The future looked dark indeed for the once-proud 'tiger economies' of east Asia. It was a coincidence that the book to which this is some sort of sequel, Casino Capitalism, had ended with just such a graphic image of the financial operators drinking champagne, while outside the tower-block offices other people were having a hard time of it. The pace of globalisation and of changes in the financial system that lay behind what people thought of as globalisation had got faster. The chapter presents various hypotheses about the most important changes that have affected that global financial system. To play fair with the general reader, and incidentally, to show what a wide variation there is in theories and interpretations of changes and events, there should also be some review of those conflicting approaches.

Mad Money

With an introduction by Benjamin J. Cohen

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