It is, after all, all about “capital,” not people. The Wall Street CEOs think the young should cheer Wall Street’s “effective[ness]” in destroying the middle and working classes in America.New Economic Perspectives
Wall Street’s Message to Young Adults: “You are Clueless”
William K. Black | Associate Professor of Economics and Law, UMKC
1 comment:
"Wall Street, of course, loves and exists to produce staggering inequality." Bill Black
It's government subsidies for private credit creation that have allowed unjust wealth inequality to occur in the first place.
So what's your plan to eliminate those subsidies, Professor Black? Reinstate Glass-Steagall? How does that help other than to supposedly* make the current unjust system more stable? As if injustice should be made stable?
Perhaps you should write a new book and title it "The Best Way to Rob is with a Bank"?
*Watts and other redlined urban centers burned in the 1960s long before Glass-Steagall was repealed.
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