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Necessary Evil

NonFiction: Business & Economics; Politics & Current Events
Unabridged   10 hour(s)
Publication date: 03/01/2018

Necessary Evil

How to Fix Finance by Saving Human Rights

Available from major retailers
Audio CD ISBN:9781684415748
Digital Download ISBN:9781684415755


Necessary Evil shows how finance can shed its conceit, return to its role as the economy's servant not its master, and regain the public trust and credibility it has so spectacularly lost over the past decade—all by helping human rights, not harming them.

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Product Description

Finance is the evil we cannot live without. It governs almost every aspect of our lives and has the power to liberate as well as enslave. With the world's total financial assets—valued at a staggering $300 trillion—being four times larger than the combined output of all the world's economies, there is, apparently, plenty to go around. Yet, while proponents of finance-driven capitalism point to the trickle-down effect as its contribution to wealth redistribution, there are still nearly a billion people across the globe existing on less than two dollars a day; fourteen percent of Americans are living below the official poverty line; and disparities in wealth equality everywhere have reached unprecedented levels. Evidently a trickle is not enough.

How can this be when so much wealth abounds, and when finance is supposedly chastened and reformed after its latest global crisis? How, especially, can it be in an age when human rights are more loudly proclaimed than ever before? Can the financial sector be made to shoulder more of the burden of spreading wealth, reducing poverty, and protecting rights? And if so, what role can human rights play in making it happen?

Author Bio

David Kinley is Professor and Chair in Human Rights Law at the University of Sydney, and an Academic Expert member of Doughty Street Chambers in London. He is a coauthor of The International Covenant on Economic, Social, and Cultural Rights and author of Civilizing Globalization: Human Rights and the Global Economy.