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Published 8 years ago by spaceghoti with 2 Comments
by spaceghoti
8 years ago 2

Paul Ryan Sorry for Calling Americans “Takers." Let's Talk About the Real Takers.

Rana Foroohar's new book, Makers and Takers: The Rise of Finance and the Fall of American Business, gets to the stuff Ryan conveniently left out.

Continue Reading http://ineteconomics.org

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  • AdelleChattre
    +7

    Foroohar has traced a seismic shift that has not only left Washington kissing the feet of Wall Street, but has turned previously normal and comprehensible activities, like making stuff and selling it, into insanely complicated financial death races where ordinary Americans are the road kill....

    For Foroohar, “takers” is how you refer to people who do nothing of value for society and whose activities leave students crushed with debt, retirees living in RVs, capable workers struggling to land a third-rate gig, and sick people so many tasty morsels for financial vultures.

    8 years ago
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    • Gozzin (edited 8 years ago)
      +5

      Oh so true...And i don't see anything but more of the same and then some. The important take away message is at the end,and i think this really hits the nail on the proverbial head.

      The good news is that the giant imbalance of power between finance and the real economy can be fixed, and we know a lot about how to do it. The bad news is that as long as the financiers have the power, they will do everything in their power to stop sensible and entirely doable reforms.

      8 years ago
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