Wednesday , April 24 2024
Home / Mike Norman Economics / American Banker — Citigroup’s Corbat says income inequality keeps him up at night

American Banker — Citigroup’s Corbat says income inequality keeps him up at night

Summary:
Is Wall Street getting the message that "capitalism" is not working in that prioritizing capital over the rest of the factors of production is resulting in not only economic issues but also social dysfunctionality and political polarization? This is also affecting US foreign policy adversely as the American leadership forces "capitalism" on the rest of the world regardless of other considerations, leading to a breakdown of globalization, a diminishment of world trade, and increasing nationalism. Capitalism" is also the basis for increasing negative externality that is culminating in an existential threat to life on the planet. As this becomes more widely recognized, the blowblack is affecting perceptions of "capitalism" as shown by a rising interest in "socialism."American

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Nick Falvo writes Homelessness among racialized persons

Nick Falvo writes Housing and homelessness study tour of London (UK)

Nick Falvo writes Homelessness among Indigenous peoples

Nick Falvo writes Homelessness in New York City


Is Wall Street getting the message that "capitalism" is not working in that prioritizing capital over the rest of the factors of production is resulting in not only economic issues but also social dysfunctionality and political polarization? This is also affecting US foreign policy adversely as the American leadership forces "capitalism" on the rest of the world regardless of other considerations, leading to a breakdown of globalization, a diminishment of world trade, and increasing nationalism.

Capitalism" is also the basis for increasing negative externality that is culminating in an existential threat to life on the planet. As this becomes more widely recognized, the blowblack is affecting perceptions of "capitalism" as shown by a rising interest in "socialism."

American Banker
Citigroup's Corbat says income inequality keeps him up at night


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *