The Rich Get Richer Because the Game Is Rigged

This is one of those must reads to come to grips with what has, and is, happening. From the Of Two Minds blog: Financialization results when leverage and information asymmetry replace innovation and productive investment as the source of wealth creation. Emmanuel Saez and Thomas Piketty are leading lights in the exploration of rising wealth inequality. Both are academic economists who have devoted considerable time and effort to assembling data that deepens our understanding of the issues. Read more […]