vulture-funds
Investment funds that buy distressed debt from developing countries at a discount and then aggressively sue for full repayment, undermining those countries' social spending.
2 chapters across 1 book
Winners Take All (2018)Anand Giridharadas
Chapter 2 critiques the 'win-win' ideology prevalent in MarketWorld, illustrating how well-intentioned businesspeople like Stacey Asher and Justin Rosenstein attempt to solve social problems through market-based solutions without challenging systemic issues. The chapter exposes the contradictions of such approaches, highlighting how financial elites often overlook or perpetuate the root causes of inequality and exploitation, such as vulture funds harming African nations or the disconnect between productivity gains and wage stagnation in the U.S.
Chapter 2, titled "Win-Win," primarily serves as a note on sources referenced throughout the book, highlighting key external materials and thinkers that inform its arguments. It cites works on economic issues such as vulture funds and wage stagnation, foundational economic philosophy from Adam Smith, and contemporary business perspectives on shared value creation. The chapter underscores the intellectual and empirical foundations underpinning the book's critique of elite-driven solutions to social problems.