One factor not mentioned; aging population. Need to squeeze more money out of the economy to support the elderly. Combined with increased energy prices, financialization is guaranteed.
FYI, in case you breathed a sigh of relief when DJT was elected. Our whole Country breathed a collective sigh of relief when Ronald Reagan was elected. With America collapsing in every measurable way in 1980, and the world spinning into chaos, with communism on the rise we needed a strong patriot to lead the nation, I don't care what faults he had, or what anybody says about him today, he was what we needed at that time very badly. There was no one else even close to Ronald Reagans stature. I was young in 1980, my future was bleak, as was everyone in my generation, try and imagine what our Country would be like today if Jimmy Carter had won. BTW coming off the gold standard is the main reason wages are so low today. Read about wages before, and after 1972. Everything has kept pace with inflation except wages.
There's always an air of play, when finance guys talk about gov, corpo, and banks gaming their own society. It sure contrasts hard against the reality it brings about, that we can all see.
And the culprits keep getting richer! No wonder the Japanese instead have SEPPUKU.
One factor not mentioned; aging population. Need to squeeze more money out of the economy to support the elderly. Combined with increased energy prices, financialization is guaranteed.
Yeah the need to keep asset prices high to fund retirements, etc. is another aspect of it
The energy prices issue is more of a policy outcome than anything that necessarily must happen
FYI, in case you breathed a sigh of relief when DJT was elected. Our whole Country breathed a collective sigh of relief when Ronald Reagan was elected. With America collapsing in every measurable way in 1980, and the world spinning into chaos, with communism on the rise we needed a strong patriot to lead the nation, I don't care what faults he had, or what anybody says about him today, he was what we needed at that time very badly. There was no one else even close to Ronald Reagans stature. I was young in 1980, my future was bleak, as was everyone in my generation, try and imagine what our Country would be like today if Jimmy Carter had won. BTW coming off the gold standard is the main reason wages are so low today. Read about wages before, and after 1972. Everything has kept pace with inflation except wages.
There's always an air of play, when finance guys talk about gov, corpo, and banks gaming their own society. It sure contrasts hard against the reality it brings about, that we can all see.
And the culprits keep getting richer! No wonder the Japanese instead have SEPPUKU.