Other Peoples' Money and How The Bankers Use It
Louis Brandeis
Other People’s Money and How the Bankers Use It is a collection of essays by Louis D. Brandeis that first appeared in Harper’s Weekly between November 22, 1913 and January 17, 1914 and published in book form in 1914. Other People’s Money takes to task the small cadre of investment bankers led by J.P. Morgan & Co. and known as the “Money Trust”, who would treat an ordinary person’s money on deposit as their own to use to control the banks, trusts, life insurance companies, and public service and industrial corporations that dominated American business. Brandeis marshaled an exhaustive amount of detailed research to describe the exact extent of the holdings, the interlocking directorships, the interdependence and the resulting degree of control. In doing so he exposes the principles and practices that stifle competition and lead to self-dealing and excessive enrichment. He explains clearly how they inhibit creativity and progress, foster inefficiency, and go against the grain of fundamental ideas of liberty crucial to America’s identity. His book is a warning and an analysis of the dangers to society when a small percentage of people control the yeoman’s portion of the wealth. The consolidation of production and distribution in too few hands is a recipe for oligarchy, and no republic or democracy can thrive when it allows for such an entitled, favored, exempt and all but immune aristocracy whose bloodlines are bank accounts and whose manners are defined solely by what the markets allow. His warnings reverberate eerily today in light of the practices that so damaged the American economy in 2008. At times one feels that nothing much has changed except the decimal points in the numbers. Viewed in this light, Brandeis’ writing has never been more relevant, more prophetic, or more on-point. (Summary by Michael Hogan)
Play sample:
Product Details
| Read by: | D. S. Harvey |
| Length: | 5 hours 12 minutes |
| Type: | Solo reading |
| Media: | MP3 CD |
| Package: | DVD case |
| Item No.: | DB-1055 |
| List Price: | $9.99 |
| Artwork: | Disc contains 300 dpi image files for printing |
| CD label art: | Includes both square JPG and round PNG formats |
| CD jewel case art: | Includes cover, inner insert, and J-card |
| DVD case art: | Includes wrapper for Amaray box and inner insert |
Credits
Production
Produced by: D. S. Harvey
Artwork
Cover: Newspaper illustration depicting the crowds on Wall Street on the morning of May 14 during the Panic of 1884. By Schell and Hogan. Published in Harper's Weekly, v. 28, no. 1431 (1884 May 24), p. 333.
DVD Inset: Louis Brandeis circa 1916
DVD Insert: Cover illustration of Harper’s Weekly, November 29, 1913 by James Montgomery Flagg
The Recordings
About MP3 Audio
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The Recordings
These recordings were made using the author’s original published work, which is in the public domain. The readings were recorded by members of Librivox.org, which has generously made the recordings available to the public domain. While Librivox condones the sale and distribution of these recordings, it is not associated with the management or operations of MP3 Audiobook Classics. The audio files have been lightly edited and have been engineered using professional audio tools for maximum sonic quality. We spend considerable time and effort to ensure the recordings are free of noise, equalized for maximum listener pleasure, and that tracks are leveled and normalized to provide a consistent listening experience.
Table of Contents
| Track | Chapter | Length |
| 01 | 01-Chapter I: Our Financial Oligarchy | 39:59 |
| 02 | 02-Chapter II: How The Combiners Combine | 33:04 |
| 03 | 03-Chapter III: Interlocking Directorates | 24:18 |
| 04 | 04-Chapter IV: Serve One Master Only! | 30:21 |
| 05 | 05-Chapter V: What Publicity Can Do | 23:52 |
| 06 | 06-Chapter VI: Where The Banker Is Superfluous | 35:00 |
| 07 | 07-Chapter VII: Big Men And Little Business | 37:05 |
| 08 | 08-Chapter VIII: A Curse Of Bigness | 39:48 |
| 09 | 09-Chapter IX: The Failure Of Banker-Management | 16:14 |
| 10 | 10-Chapter X: The Inefficiency Of The Oligarchy | 32:30 |
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