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The Chasm Between the Economy and Finance

The Chasm Between the Economy and Finance

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Published by The Small "r"
This white paper discusses how the disconnect between Wall Street and the U.S. economy emerged, and investigates the precipitous increase in wealth amassing in corporations, hedge funds, and more. As this wealth has increased, finance's economic -and- political power has grown precipitously over the past three decades, influencing national, state and local governance, as well as the day-to-day functioning of the U.S. economy. The paper ends with a call for returning to substantive finance, one that invests in American business, rather than Wall Street's current mode of operation using money to chase money, with little in the way of substantive economic activity as support.
This white paper discusses how the disconnect between Wall Street and the U.S. economy emerged, and investigates the precipitous increase in wealth amassing in corporations, hedge funds, and more. As this wealth has increased, finance's economic -and- political power has grown precipitously over the past three decades, influencing national, state and local governance, as well as the day-to-day functioning of the U.S. economy. The paper ends with a call for returning to substantive finance, one that invests in American business, rather than Wall Street's current mode of operation using money to chase money, with little in the way of substantive economic activity as support.

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Categories:Types, Brochures
Published by: The Small "r" on Nov 06, 2009
Copyright:Traditional Copyright: All rights reserved
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01/24/2014

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