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The Rigging Of The American Market

By Waitup follow Waitup   2015 Dec 30, 4:46am 3,300 views   4 comments   watch   nsfw   quote   share      


http://www.talkmarkets.com/content/economics--politics/the-rigging-of-the-american-market?post=76943&utm_source=outbrain&utm_medium=referral

Much of the national debate about widening inequality focuses on whether and how much to tax the rich and redistribute their income downward.
But this debate ignores the upward redistributions going on every day, from the rest of us to the rich. These redistributions are hidden inside the market.
The only way to stop them is to prevent big corporations and Wall Street banks from rigging the market.

#economics

1   mmmarvel   2015 Dec 30, 6:34am  

Another typical Robert Reich article. Nothing new from RR, the man bores me.

2   justme   2015 Dec 30, 2:29pm  

mmmarvel says

Another typical Robert Reich article. Nothing new from RR, the man bores me.

I think Robert Reich is good. Given that many people have not figured out yet why wealth inequality has been increasing dramatically since 1982, RR may repeat the facts every week for all I care. You're right there is nothing new -- the same old WallSt /Fed/Congress trinity of crony capitalism has been working the same way for a very long time.

3   tatupu70   2015 Dec 30, 3:44pm  

justme says

You're right there is nothing new -- the same old WallSt /Fed/Congress trinity of crony capitalism has been working the same way for a very long time.

Pretty much since the founding of the country. I daresay it was much worse 100 years ago.

justme says

Given that many people have not figured out yet why wealth inequality has been increasing dramatically since 1982,

Not sure if this is a reference to me, but I'm all ears. In your opinion, what happened in 1982 to cause the reversal--inequality had been dropping for ~35 years prior to then.

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