Keystroke Capitalism

Aaron Sahr

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Language: English

Published by Verso Books, GB, 2022

1839761199 / 9781839761195

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Contemporary capitalism produces more and more money, debt, and inequality. These three trends have a common cause: the privilege of private banks to create money by means of accounting - by the stroke of a key. Why was this privilege not addressed politically for so long - and who benefited from it? At the heart of the answer lies the realization that the power to create money has been hidden by the way we commonly think and talk about capitalism. The book traces the omission of money creation from theories of capitalism and maps its consequences. By expanding the manoeuvring space for the banks to use their privilege, the capitalist countries have financed a transformation of the economy known as financialization. As a result, the real economy and private households became a debt supplier to a monetary system whose returns accumulate at the top. It is not simply "the markets" but money itself that transfers economic benefits from the masses to a minority. Increasing inequality of income and wealth can therefore only be combated if one does not only correct distributive results of markets-redistribution-, but addresses predistribution: the modalities of money creation.

Seller Inventory # LU-9781839761195

Title
Keystroke Capitalism
Author
Aaron Sahr
Publisher
Verso Books, GB
Publication year
2022
Condition
New
Binding
Paperback
Language
English
ISBN 10
1839761199
ISBN 13
9781839761195
Item weight
140 grams

Rarewaves USA

HEBRON, KY, U.S.A.

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AbeBooks seller since June 10, 2025

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