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Posted inEconomy and Inequality, Reality Asserts Itself

The Rise of Finance and the Fall of American Business – RAI with Rana Foroohar (1/6)

On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs – […]