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.