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How Wall Street Destroyed Main Street with Rana Foroohar

How Wall Street Destroyed Main Street with Rana Foroohar

As you’ll recall, we did our fair share of explaining why Wall Street matters, on the episode featuring Bill Cohan. Today we’re doing a 180 with financial journalist and author Rana Foroohar.  Rana’s book, Maker and Takers: How Wall Street Destroyed Main Street, doesn’t exactly paint our economic system in the best light.  The book, just released in paperback, explores how the misguided financial practices and philosophies that nearly toppled the global financial system have infiltrated many US businesses.  Rana shows how the “financialization of America,” the trend by which finance and its way of thinking have come to reign supreme, is perpetuating Wall Street’s reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream.And since it’s not everyday that we have a Financial Times columnist in the studio, we also talked a good bit about the global economy, including Germany, Brexit, and China. Rana is a great storytelle