LAWRENCE MITCHELL Mitchell, the author of "The Speculation Economy: How Finance Triumphed Over Industry," discusses the evolution of American capitalism.
Whether out of vanity or naïveté, Ms. Riefenstahl may well have believed that her artistic independence was never compromised, that she did not "sell" her talents to the Nazis who financed "Triumph of the Will" and "Olympia".
Whether out of vanity or naïveté, Ms. Riefenstahl may well have believed that her artistic independence was never compromised, that she did not "sell" her talents to the Nazis who financed "Triumph of the Will" and "Olympia". Yet, shaped by the profound romanticism of 19th-century German culture, her monumental vision of beauty fitted perfectly into the National Socialist ideology.
As so often in finance, greed triumphed over rational thinking.
S&N is widely expected to raise its offer, but Zimmer's stronger finances may triumph in the end.Centerpulse's popularity reflects a sharp recovery from 2000, when, as Sulzer Medica, it was hit by a series of product-liability crises, stemming from contaminated joint implants, that eventually cost it $725m in damages.
A provisional government was formed, and Katay was named minister of finance; but its triumph was short-lived, and in 1946 he was forced to flee to Thailand, where the government maintained itself in exile.
AGE OF GREED: The Triumph of Finance and the Decline of America, 1970 to the Present, by Jeff Madrick (Knopf, $30).
"The truth is that with Europe you have the triumph of finance over manufacture," he said in a recent interview with the Turin daily La Stampa.
"It's a triumph of finance over scientific arguments".
Roosevelt Institute Senior Fellow Jeff Madrick recently sat down with ND20 Editor Lynn Parramore to discuss his latest book, Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present, which hits stands today.
The collapse of communism and the rise of unfettered finance were accompanied by the triumph of a dogma: "new-classical" economics.
