4 ms·
This article speaks to a larger problem with the U.S., and really global system of finance. Right now we live in a world where finance dictates production, rat
by rrivers 9y ago
This article speaks to a larger problem with the U.S., and really global system of finance. Right now we live in a world where finance dictates production, rather than production dictating finance. Combine that with the massive concentration of wealth on a global scale and we can observe a very real problem that will continue to hinder global progress until it is addressed. So often we as a collective naturalize the institution as if it was not an economic technology that we have created. Over time all technologies need updating, and our economic models are no different.
As Harvard's Roberto Unger often says, "Finance has become a bad master, instead of a good servant."