Politically partisan economists don't seem to grasp the fundamental problem with hyper-financialization of the economy or even understand what made such a progr

Politically partisan economists don't seem to grasp the fundamental problem with hyper-financialization of the economy or even understand what made such a program possible. Take outsourching of industrial manufacturing to overseas labor zones. Historically, industrial economies (eg late 19th century Germany) were reluctant to do this because they knew they'd lose control of their technologies and profit streams (thus German companies resisted British demands that they build their chemical factories in Britain to serve the British market). The American neoliberals, in contrast, thought they could control the overseas sweatshops through a combination of economic free trade deals backed up by covert regime change and overt military interventions, with the result being concentration of wealth domestically combined with an economic shift towards financialization - wealth management in other words. These policies were bipartisan and the result - gross wealth inequality leading to societal tensions - should have been obvious to all - except to the academic economists and their aggregate econometric models. The wealth inequality problem isn't going to be solved by Democrat-supported handouts to the poor from Congress - the first step will be to accept the fundamental flaws in hyper-financialized investment capitalism, which merely extracts wealth from the middle class and funnels it upwards, versus a mixed system of industrial capitalism and socialism, which encourages middle-class prosperity along with industrial and technological development. A simple example is illustrative: if we have the Fed print $1M for each US citizen, then at 5% return on investment, everyone gets a universal basic income of $50K/yr and nobody ever has to work again... except for the slaves on the overseas plantations?