The book for July is “Makers and Takers: The Rise of Finance and the Fall of American Business” by Rana Foroohar . Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Thanks to 40 years of policy changes and bad decisions, only about 15 % of all the money in our market system actually ends up in the real economy – the rest stays within the closed loop of finance itself. The financial sector takes a quarter of all corporate profits in this country while creating only 4 % of American jobs. The tax code continues to favor debt over equity, making it easier for companies to hoard cash overseas rather than reinvest it on our shores. Our biggest and most profitable corporations are investing more money in stock buybacks than in research and innovation. And, still, the majority of the financial regulations promised after the 2008 meltdown have yet come to pass, thanks to cozy relationship between our lawmakers and the country’s wealthiest financiers. (400 pages).