Why society needs to reclaim the power to create money At the heart of capitalism lies the ability of private banks to create money at the stroke of a key. Why have we ignored this unique privilege for so long – and at what cost? Aaron Sahr attributes the lack of attention paid to money creation to the core of popular theories of capitalism, which equate economic power with capital ownership. This conceptual framework obscures the real drivers of capitalist dynamics as well as the causes of increasing inequality. By exploring the transformation of banking over the last half century, Sahr shows how the creation of money has driven the rise of finance as well as splitting incomes from wealth. As a result, the real economy of ordinary people has become a debt supplier to a monetary system whose returns accumulate at the top. It is not simply the markets but money itself that transfers wealth from the masses to a minority. Increasing financial inequality can therefore only be remedied by addressing predistribution – the modalities of money creation – as well as the distributive effects of the markets. By mapping this hidden regime of ‘keystroke capitalism’, Sahr makes an essential contribution to our understanding of economic inequality and capitalist dynamics.
Why society needs to reclaim the power to create money At the heart of capitalism lies the ability of private banks to create money at the stroke of a key. Why have we ignored this unique privilege for so long – and at what cost? Aaron Sahr attributes the lack of attention paid to money creation to the core of popular theories of capitalism, which equate economic power with capital ownership. This conceptual framework obscures the real drivers of capitalist dynamics as well as the causes of increasing inequality. By exploring the transformation of banking over the last half century, Sahr shows how the creation of money has driven the rise of finance as well as splitting incomes from wealth. As a result, the real economy of ordinary people has become a debt supplier to a monetary system whose returns accumulate at the top. It is not simply the markets but money itself that transfers wealth from the masses to a minority. Increasing financial inequality can therefore only be remedied by addressing predistribution – the modalities of money creation – as well as the distributive effects of the markets. By mapping this hidden regime of ‘keystroke capitalism’, Sahr makes an essential contribution to our understanding of economic inequality and capitalist dynamics.
Exploring the growth of the Marines from disadvantaged to elite force, this history “offers an excellent analysis of how the marines became the Marines.” (Publishers Weekly) The Marine Corps has always considered itself a breed apart. This undying faith in its own exceptionalism is what has made the Marines one of the sharpest, swiftest tools of American military power. Aaron O’Connell focuses on the period from World War II to Vietnam, when the Marine Corps transformed itself from America’s least respected to its most elite armed force. Venerating sacrifice and suffering, privileging the collective over the individual, Corps culture was saturated with romantic and religious overtones that had enormous marketing potential in a postwar America energized by new global responsibilities. Capitalizing on this, the Marines curried the favor of the nation’s best reporters, befriended publishers, courted Hollywood and Congress, and built a public relations infrastructure that would eventually brand it as the most prestigious military service in America. But as O’Connell suggests, the Corps’ triumphs did not come without costs, including a culture of violence that sometimes spread beyond the battlefield. “A significant and original contribution to both the military history of the Cold War and the ongoing conversation about the militarization of American culture.” —Beth Bailey, author of America's Army: Making the All-Volunteer Force “Takes readers inside the culture of the Corps.” —Nathaniel Fick, author of One Bullet Away: The Making of a Marine Officer “Insightful.” —Library Journal “A powerful account of the relationship between fighting war and preserving peace, viewed through the lens of the stories that built support for both.” —Kirkus Reviews “Absorbing.” —The Wall Street Journal
Isaac Albéniz is one of the most important figures in the history of Spanish music. A legendary child prodigy, he went on to become one of the leading concert pianists of his generation in Europe. However, he aspired to compose music rooted in the folklore of his native Spain, contributing seminal masterpieces that defined the sound of Spanish art music in the 20th century and served as an inspiration to his most eminent successors. This annotated bibliography and research guide provides an up-to-date and thorough presentation of all the sources any aficionado, performer, or scholar would need to deepen his or her understanding of this fascinating pianist and composer.
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