Predator Nation

Corporate Criminals, Political Corruption, and the Hijacking of America

De: Charles H. Ferguson

Narrado por: Rob Shapiro

Charles H. Ferguson, who electrified the world with his Oscar-winning documentary Inside Job, now explains how a predator elite took over the country, step by step, and he exposes the networks of academic, financial, and political influence, in all recent administrations, that prepared the predators' path to conquest.

Over the last several decades, the United States has undergone one of the most radical social and economic transformations in its history.

• Finance has become America's dominant industry, while manufacturing, even for high technology industries, has nearly disappeared.
• The financial sector has become increasingly criminalized, with the widespread fraud that caused the housing bubble going completely unpunished.
• Federal tax collections as a share of GDP are at their lowest level in 60 years, with the wealthy and highly profitable corporations enjoying the greatest tax reductions.
• Most shockingly, the United States, so long the beacon of opportunity for the ambitious poor, has become one of the world's most unequal and unfair societies.

If you're smart and a hard worker, but your parents aren't rich, you're now better off being born in Munich, Germany, or in Singapore than in Cleveland, Ohio, or New York. This radical shift did not happen by accident. Ferguson shows how, since the Reagan administration in the 1980s, both major political parties have become captives of the moneyed elite. It was the Clinton administration that dismantled the regulatory controls that protected the average citizen from avaricious financiers. It was the Bush team that destroyed the federal revenue base with its grotesquely skewed tax cuts for the rich. And it is the Obama White House that has allowed financial criminals to continue to operate unchecked, even after supposed "reforms" installed after the collapse of 2008.

Predator Nation reveals how once-revered figures like Alan Greenspan and Larry Summers became mere courtiers to the elite. Based on many newly released court filings, it details the extent of the crimes - there is no other word for them - committed in the frenzied chase for wealth that caused the financial crisis. And, finally, it lays out a plan of action for how we might take back our country and the American dream.

©2012 Charles H. Ferguson (P)2012 Random House Audio

Reseñas de la Crítica

“With Predator Nation, Charles Ferguson sets out to finish what he started with his Oscar-winning documentary, Inside Job. This take-no-prisoners account of the financial crisis follows the money, connects the dots, names names, and asks the questions our leaders still refuse to answer: how have those responsible for the crisis not been held accountable, and how can we make sure it doesn’t happen again?” (Arianna Huffington, president and editor in chief of the Huffington Post Media Group)

“There is fraud at the heart of Wall Street - deliberate intellectual, business, and political deception. Charles Ferguson is in hot pursuit. Inside Job shook up the cozy world of academic finance. Predator Nation should stir prosecutors into action. And if we fail to reform our political system, you can say goodbye to American democracy.” (Simon Johnson, coauthor of White House Burning and MIT Sloan School of Management professor)

“Ferguson presents a fierce indictment of predatory activities of parts of the financial system and of the corruption of democracy that ‘big money’ financial lobbying has caused. A book well worth reading regardless of whether you fully agree or not with all of its arguments.” (Nouriel Roubini, professor of economics and international business at Stern School of Business, New York University, and chairman of Roubini Global Economics)

Corruption and Greed is Endemic

If you could sum up Predator Nation in three words, what would they be?

Wall St.: A criminally run casino.

What was one of the most memorable moments of Predator Nation?

Ferguson's summation at the end of the book is spot on. A two party duopoly beholden to the oligarchy that now runs our country, Obama fits into the system quite well and his campaign in 2008 was one of the greatest bait and switch jobs of recent history.

If you could give Predator Nation a new subtitle, what would it be?

The Gilded Age of the 21st Century.

Overstated perhaps, but valid in the main

Larry Summers and Glenn Hubbard are hardly typical academics. The vast majority of professors, including deans and journal editors, are not beholden to corporations as board members, grant recipients or paid speakers. It is not as hard to speak the truth in academic research and writings as the author implies. So, while the influence of money in academia is a concern, I don’t think it is as widespread and entrenched as claimed in this book.

Since I don’t have the same level of experience with the financial industry I have with academia, I cannot say whether the treatment of this sector is similarly overstated. But I suspect not because the magnitude of the money and the evidence of rent extraction is so much larger at the top of the finance sector. Because of this, I felt the core message of the book rang true, even though I winced at some of the overreach. As such, I found it to be a thought provoking and interesting listen.

Kudos to the narrator for a first rate job.

The Best Book on the Financial Collapse

I have read many of the recently published books on the financial crises over the past few years in an effort to better understand what happened. This book is by far the best that I have read to date. It details not only what happened and how the crises was created but also who was behind it and how they benefited. The most interesting chapters discuss the many laws that were broken by the large financial institutions and complete absence of prosecution by any law enforcement agency in the US.

A book both Romney and Obama should read.

Where does Predator Nation rank among all the audiobooks you’ve listened to so far?

Not an easy book to like but a book worth understanding

Who was your favorite character and why?

The author - He did the work Government has failed to do.

Which character – as performed by Rob Shapiro – was your favorite?

NA

Was this a book you wanted to listen to all in one sitting?

NO - it is not a guilty pleasure book.

Any additional comments?

Excellent work by Charles Ferguson. He seems to have done the nation and perhaps the world a service. If only the people, bureaucrats, media and politicians will take head and work to punish the truly guilty and reform the system then we can have hope once again.

Excellent read

Would you recommend this audiobook to a friend? If so, why?

Everyone should consider carefully the information put forth in this book. It was hard at times to stop and realize what has happened in our country. Quite a wake up call when you have kids and you know how much this all matters. Forget the terrorists in far off lands we have met the enemy and he is doing very well indeed. If we don't figure out a way to limit the power of money in our society, democracy is toast.

A mandatory read for all Americans

If there is a book that should be a mandatory read for all Americans this one is it. Non-partisan look at who really runs America.

Amazing book with incredible insight

What was the most compelling aspect of this narrative?

Wealth of information and facts

Any additional comments?

A must read for everyone, even those who don't know much about finance.

Incredible story of greed and corruption.

An incredible look at some of the real causes behind America's decline and growing devide.

Informative Companion to "Inside Job"

I've ended up listening to a number of books on the 2008 Financial Crisis including "All the Devils Are Here," "13 Bankers," "Griftopia" and tangentially related "No One Would Listen." I approached "Predator Nation" with the thought that I would not necessarily learn anything new, as I had seen Ferguson's documentary, "Inside Job." I found this an engaging listen although it does retread some of the material in ???Inside Job.??? Ferguson remarks that he wrote the book in order to make a sustained argument for prosecution of financial sector players. This part of the book was informative, but I gained the most insight with Mr. Ferguson???s broader analysis of the financial sector as parasitic and unproductive, and his weaving of issues like corporate governance and (mis)management, education, and money in politics gave significant insight into the past 40 years and the crisis. If you liked ???Inside Job,??? you will learn more. If you want even grander weaving of the ideas, I recommend ???13 Bankers??? and Kevin Phillips??? ???American Theocracy.???

Reality is worse than fiction

I recommend this book to everyone who wants to know more about what happened 5 years ago in the biggest scam ever. Make sure you have a strong stomach.
It just isn't normal that these financial criminals got away with what they did.
I'm convinced that at this moment the system is so fragile, that these same bunch of evil blackmails every president since clown Bush jr. and their administrations to let them go on or otherwise to have the system collapse even more severe.