{"product_id":"keystroke-capitalism-by-aaron-sahr-9781839761195","title":"Keystroke Capitalism","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eContemporary 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.\u003c\/p\u003e\n\n\u003cp\u003eWhy was this privilege not addressed politically for so long—and who benefited from it? At the heart of the answer lies the realisation that the power to create money has been hidden by the way we commonly think and talk about capitalism. \u003ci\u003eKeystroke Capitalism\u003c\/i\u003e traces the omission of money creation from theories of capitalism and maps its consequences.\u003c\/p\u003e\n\n\u003cp\u003eBy expanding the manoeuvring space for the banks to use their privilege, the capitalist countries have financed a transformation of the economy known as financialisation. 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 \u003ci\u003emoney itself\u003c\/i\u003e that transfers economic benefits from the masses to a minority.\u003c\/p\u003e\n\n\u003cp\u003eIncreasing inequality of income and wealth can therefore only be combated if one does not only correct the distributive results of markets—redistribution—but addresses \u003ci\u003epre\u003c\/i\u003edistribution: the modalities of money creation.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Allen \u0026 Unwin","offers":[{"title":"Default Title","offer_id":47596723175660,"sku":"9781839761195","price":32.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/1ad3cc66e9f066729cebfb8beb74f7eb.jpg?v=1777946989","url":"https:\/\/bookhero.co.nz\/products\/keystroke-capitalism-by-aaron-sahr-9781839761195","provider":"Book Hero","version":"1.0","type":"link"}