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Homework – A valuable exercise or a necessary evil?

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Nikki Yanofsky - Necessary Evil

Over the course of modern history, finance, the fuel of capitalism, has had both positive and negative impacts on humanity. The debate about which impacts weigh more heavily is central to political life too; indeed, the rightful power of finance capitalism is arguably the most fundamental dividing line in all of modern politics. In Necessary Evil? Since the end of the Cold War, the finance sector's power has grown by leaps and bounds, and Kinley argues that it is now out of control.

BBC Learning English - The English We Speak / A necessary evil

Able to plead that its fundamental importance to the continued operations of the world capitalist system exempts it from the sort of oversight practiced in the past, it has become increasingly free of regulatory constraints. As he shows in case after case, the financial industry now more often than not hinders progress in human rights and well-being. He ranges broadly to make his argument, using episodes of financial industry malfeasance from around the world--from the world's financial capitals to the mines of central Africa to the factories of East Asia--to illustrate how the sector fails to advance the human condition.

There are signs of progress, however, and he uses these to develop policies that can help us improve the chances that finance advances human rights.

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a necessary evil

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