Tag: limited liability

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Business and Society Economics Money and Banking

The Production of Money: How to Break the Power of Bankers – by Ann Pettifor

New York City Financial District
New York City Financial District

Ann Pettifor is a director of Prime Economics, which advocates for a more Keynesian view of macroeconomics, and has been involved in development and environmental economics for many years. In The Production of Money: How to Break the Power of the Bankers (Verso, 2017) she correctly identifies that ‘money enables us to do what we can […]

Categories
Business and Society

Rover, the ‘Phoenix Four’ and Limited Liability

After the banking crisis and the debacle surrounding the collapse of MG Rover, a British car manufacturer, it’s surely time for a rethink of corporate limited liability.   The Phoenix Consortium, an ad-hoc partnership of four businessmen friends led by John Towers, extracted at least £9 million each from MG Rover, thanks to a sum […]