In this book, Radix co-founder and trustee Nick Silver explores how we might be able to make the financial system work for the economy, people and the planet.
“Nick Silver challenges us to dig beneath the surface of finance and explore the fundamental changes we need to make if we’re ever to answer the question, ‘when will we know our financial system is working?’. These changes are tough, but Nick presents a compelling case that without harsh change, little will improve in finance.”Professor Michael Mainelli, Executive Chairman, Z/Yen Group, founder of Long Finance and author of ‘The Price of Fish’
“In crisp, intelligent prose, Nick Silver takes apart the myth that the economy we live in is making productive use of society’s savings to provide for a healthy future, and he identifies the problem – the financial system itself. Not only not fit for purpose, but Silver shows that today finance is not even aiming at productive investment in the real economy, is thwarting innovation, and is exacerbating economic inequality. An excellent and insightful analysis from an insider who cares that society is not getting what it deserves from the ‘stewards’ of its resources.”Professor Cynthia Williams, Osler Chair in Business Law, Osgoode Hall Law School
“This is an important book outlining how the finance system needs to change if we are going to have any chance of avoiding dangerous climate change.”Christiana Figueres, former Executive Secretary, UN Framework Convention on Climate Change
“Much effort has been expended since the 2008 crisis to prevent another collapse in the financial system. In this penetrating analysis of its pervasive failures, Nick Silver raises a far more terrifying prospect – that it survives in its current form. His insight into the symbiotic relationship between finance and the state means that free-market purists and advocates of central control alike will find much to admire in his logic. Maybe both could unite behind his radical and compelling raft of reforms.”Tony Greenham, author of ‘Where Does Money Come From?’