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What I fascinating about this video is that Rana Foroohar could have made an absolute fortune out of banking but she wasn't interested saying that banking was boring and that journalism was far more interesting. She says she studies bankers like an anthropologist studies tribes of people. Anyway, she describes how high finance is destroying the Western economy and how it has captured the government. [embedded content] 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 - with host Paul Jay
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What I fascinating about this video is that Rana Foroohar could have made an absolute fortune out of banking but she wasn't interested saying that banking was boring and that journalism was far more interesting. She says she studies bankers like an anthropologist studies tribes of people. Anyway, she describes how high finance is destroying the Western economy and how it has captured the government.What I fascinating about this video is that Rana Foroohar could have made an absolute fortune out of banking but she wasn't interested saying that banking was boring and that journalism was far more interesting. She says she studies bankers like an anthropologist studies tribes of people. Anyway, she describes how high finance is destroying the Western economy and how it has captured the government. [embedded content] 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 - with host Paul Jay
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Mike Norman considers the following as important:
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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 - with host Paul Jay
Apple, Market Manipulation and the Cult of Personal Finance - RAI with Rana Foroohar 2/ 6
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay