Tag Archives: financialization

Is the Tech Bubble Bursting?

Is the decade-long tech bubble finally popping? Tech bulls are overlooking the fundamental reality that the drivers of Big tech’s phenomenal growth–financialization and expansion into mobile telephony– are both losing momentum. A third dynamic–Big Tech monetizing privately owned assets such as … Continue reading

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If “Getting Ahead” Depends on Asset Bubbles, It’s Not “Getting Ahead,” It’s Gambling

Beneath the endlessly hyped expansion in gross domestic product (GDP) of the past two decades, the economy has changed dramatically. The American Dream boils down to social and economic mobility, a.k.a. getting ahead through hard work, merit and wise investments in oneself and … Continue reading

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The Evilness of Today’s U.S. Democratic Party

Eric Zuesse This isn’t about the Republican Party, which has been controlled by its super-rich ever since Abraham Lincoln was shot in 1865; it’s focusing instead upon the Democratic Party, which didn’t previously serve only the super-rich, but now (like … Continue reading

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Connecting the Dots of Big Data, Soaring Corporate Profits and Trade Wars

Let’s connect the dots between these two comments from longtime correspondents: the first is on the model of collecting and selling data (Big Data), and the second on trade: GFB: “If I had a lot of money, would I want to … Continue reading

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The Hidden-in-Plain-Sight Mechanism of the Super-Wealthy: Money-Laundering 2.0

We all know the rich are getting richer, and the super-rich are getting super-richer. This reality is illustrated in the chart of income gains, the vast majority of which have flowed to the top .01%–not the top 1%, or the top … Continue reading

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