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  • Summary of Book
    • Introduction to the Summary of the Book
    • Who Caused the $79 Trillion Heist
    • What are the drivers of the $79 trillion heist?
    • Monopolization
    • Globalization
    • Decline in Unionization
    • Financialization
    • The Financial Sector
    • Financialization of Corporations
    • Money
    • Insecurity for the Bottom 90% over the Past Fifty Years
    • Other Problems with Capitalism
    • Conclusions
    • Addendum – Why Orthodox Economics Is Not Useful
    • Further Addenda
    • Table of Contents
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monopoly

What is financialization and why does it matter? – part 3

February 11, 2025 theheist 0

Changes in Economic Policy and Regulation In two earlier posts, “What is financialization and why does it matter? – part 1” and “What is financialization […]

Economists Are in the Wilderness. Can They Find a Way Back to Influence? – from the NYTimes

January 12, 2025 theheist 0

Ben Casselman wrote this piece in the 1.10.2025 NYTimes: “Economists Are in the Wilderness. Can They Find a Way Back to Influence?” The article cites […]

Economists Are in the Wilderness. Can They Find a Way Back to Influence? – from the NYTimes

January 12, 2025 theheist 0

Ben Casselman wrote this piece in the 1.10.2025 NYTimes: “Economists Are in the Wilderness. Can They Find a Way Back to Influence?” The article cites […]

American Compass – their conservative economics get it right, mostly

December 5, 2024 theheist 0

American Compass is a self-described think tank for conservative economics. From its Mission Statement page: “We are developing the conservative economic agenda to supplant blind […]

Competitive Capitalism – long dead in the US

November 17, 2024 theheist 0

A key part of the description of capitalism in orthodox (neoclassical) economics, and our political rhetoric, is the role competition between companies plays in keeping […]

$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few more…..

August 22, 2023 theheist 1

I was already 31 years old when the rip-off of America began in 1979. I was busy, and the changes in American life were only […]

What’s Wrong With Inequality – the word?

November 26, 2021 theheist 0

Use of the word inequality hides the real issues.

Market Concentration – Walmart and Groceries

October 25, 2019 theheist 0

The Visual Capitalist added another graphic example of the increasing concentration, monopolization, of markets, in this case for groceries. Even here in Hudson NY we […]

Recently Noted – Robert Reich on breaking up Big Tech – a limited view

June 26, 2019 theheist 0

Robert Reich is continuing his series of brief YouTube videos on progressive view of the economy. This is a good introduction to the arguments for […]

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