the finance elevation of American businesses outside reading evaluation assignment book makers and takers the rise of finance and the fall of American Business by Rana faroohar. the finance elevation of American businessesÿoutside reading evaluation assignment book makers and takers the rise of finance and the fall of American Business by Rana farooharÿthe premise of this profound work book: The Core promise of This Book Is that as Finance has nearly quadrupled and size as a percentage of the US economy over the last several decades, business has suffered and economic growth has slowed since the financial sector begin to ascend and day 1980s the number of financial crisis (the biggest destroyer of prosperity after war and natural disasters) has increased and overall trend growth has slowed. deep Academics research shows that the growth in size and power of the financial sector in America has coincided with a decline in many Metrics of business health, from R&D spending as a percentage of Revenue, to the number of new startups being created. our financial system today enriches mainly itself, creating only 4% of all jobs but taking 25% of corporate profits. as Finance has gotten bigger over the last 40 years, Financial fees have roughly doubled another measure of the industry?s inefficiency. the book argues that whart we need isn?t a financial system that is bigger but one who’s primary function is to support real main street business but that’s not at all what we have now.assignment specifics learn the author’s ten present problems, which leaves our economy vulnerable to yet another ?Great Recession? which we cannot afford to experience.following are a number of a statements before you respond to them restate each numbered statement referenced to the chapter where it appears.Then prepare1 to 2 paragraph summaries of the 10 problems that the author explains chapter by chapterin chapter one how the financial sector that represent only 4% of jobs and yet accounts for 25% of all corporate profitsin chapter 2 how the obsession with numbers starting in the 1960s what do the ultimate spread ofÿ Financialization thinkingchapter 3 how businesses education has come to dominated buy Amora quantitative mathematical models instead of moral based decision makingin chapter 4 how the rise of the shareholders value of corporate governance has eliminated the consideration of any other business constitutionschapter 5 how Corporate America has become a series of primarily finance companies that also makes things every large company is like a bankin chapter 6 how one of the most risky tools of Finance derivatives have been used to manipulate markets and the resulting effect one prices of goodsin Chapter 7 how private equity has come to dominate the most important sector of our economy housing with every corrosive resultsin chapter 8 privatizing Al Retirement System enabled Asset Management to Grow Rich yet gamble away our old age security. that’s almost all of us- including you.in chapter 9 how our tax system liberal is prorations over individuals and encourage dept over equity to the determinant of most all of usOh chapter 10 revolving door between Wall Street and Washington has made it so difficult to reverse the tide of the financialization of America business embedding any meaningful reformsin the Final Chapter 11 explain the five most tomorrow imperatives and justify them with several of the ethical perspectives you have learned in this course suggested as way to put Finance back to its original rule of serving business and Society and do you think these can even be accomplished or are we beyond repair?