Tuesday, January 6, 2015

The Finance Industry Is Gorging Itself on Your Future—The Trend Lines Will Blow You Away | Alternet

The Finance Industry Is Gorging Itself on Your Future—The Trend Lines Will Blow You Away | Alternet

"For nearly a half century between the New Deal and the 1970s, Wall Street was tightly controlled. Taxes on the wealthy were high, worker wages were rising, and debt levels on consumers, companies and government were low. After finance was deregulated (circa 1980) private and public debt exploded, wages stalled, taxes on the rich fell and inequality soared."