Diary: More Financialization, the Great American (Global) Sabatoge

More Financialization, the Great American (Global) Sabatoge

by Arn H. Specter, arnpeace|AT|gmail.comEmail address

The following two articles by Rana Foroohar and Mike Collins reveal the inner workings of the American financial/banking system and companies. The articles linked below show many more articles of similar persuasion and concerns; that since the financial crisis of 2008 matters have worsened dramatically...resulting in much greater disparity between the rich 1% and the less well off 99%. More explained below.

It seems to me that our future rests on changes and reforms in the financial and banking sectors of the economy; including the Federal Reserve, the U.S. Treasury, the U.S. Government, the International Monetary Fund, the World Bank and other agencies and concerns, Nothing short will help turn the economy around, create million of jobs and raise the standard of living for billions of people on the earth...Most of the writers of the articles below suggest ways to foster the necessary changes. let's pay serious attention to them...

More to follow soon.

Arn H. Specter, Philadelphia

ttp://time.com/4327419/american-capitalisms-great-crisis/

SAVING CAPITALISM by Rana Foroohar

TIME Magazine, May 23, 2016

http://www.forbes.com/sites/mikecollins/2015/02/04/wall-street-and-the-financialization-of-the-economy/print/

Wall Street And The Financialization Of The Economy by Mike Collins, Forbes Magazine

Regulation of the Banks and other measures are suggested in these articles. There has been actions taken, bills passed and so forth in the years since 2008. We need a serious look at these developments in order to re-shape our economy, banking system and corporate sectors so that the middle class expands while the 40-50 million people in poverty have a chance to participate in a decent lifestyle and all that it encompasses. Too, and probably most apparent is the need to close the extreme gap between the wealthy and the poor, the 1% and the 99%...

we used to feel awe at the millionaires, while we now see the obscene growth of billionaires in the U.S. China,

Arn H. Specter (arnpeace), arnpeace|AT|gmail.comEmail address

P.O. Box 5857, Phila. Pa. 19128, Twitter and OP-Ed News

http://www.opednews.com/populum/diarymanage.php

200 articles on various issues of the day.