John Lanchester’s essay, For Every Winner a Loser, explores the role of finance in modern society, arguing that its complexity often serves to obscure systemic inequalities and enrich the few at the expense of many. He examines the historical development of financial systems, critiques their detachment from real-world economies, and highlights how financial markets prioritize profit over societal benefit. The piece also questions the ethical implications of such systems, urging a reevaluation of finance’s purpose.
For more information see “For Every Winner a Loser: John Lancaster” London Review of Books, September 12, 2024.
Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.
