Booty Capitalism by Paul Hutchcroft

Booty Capitalism is a book that examines the relationship between the state and oligarchical families in the banking sector of the Philippines since 1960.

The author, Paul D. Hutchcroft, argues that “booty capitalism” emerged from the interaction between a patrimonial state and a predatory oligarchy.

The book explores the problems associated with the development of the Philippine banking system and how these problems have been exacerbated by the collusion between the state and oligarchs.

The main themes of the book include the history of the Philippine banking system, the role of the state in the development of the banking sector, and the impact of oligarchical families on the banking industry.

The author also discusses the challenges faced by the Philippine banking system, including corruption, political interference, and weak regulation.

What I Liked

I grew up in The Philippines and found this book interesting.

What I Did Not Like

Nothing – it’s a solid read if you’re interested in this niche.

Booty Capitalism by Paul Hutchcroft

$47.98

In Booty Capitalism, Paul Hutchcroft takes a close look at how the Philippine state interacts with powerful banking families since 1960. He argues that what he calls booty capitalism stems from a mix of a patronage-driven government and greedy oligarchs. The book dives into the history of the banking system and highlights issues like corruption and weak regulation. As someone who grew up in the Philippines, I found it fascinating and insightful. Honestly, I didn’t have any complaints—it’s a great read if you're into this topic!

Pros:

• Interesting perspective on the Philippine banking system
• Explores the relationship between the state and oligarchs
• Addresses important issues like corruption and political interference

Cons:

• Nothing - it's a solid read if you're interested in this niche.

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02/16/2025 11:22 pm GMT