What’s Wrong with the Global Economy

Source: ZeroHedge, Jun 2018


  1. The financialization of the economy
  2. The technological transformation of the economy
  3. The end of cheap fossil fuels
  4. Globalization
  5. The destructive consequences of “growth at any cost” are piling up


  1. The economy’s gains in income and wealth are concentrated in the very top of the wealth-power pyramid: the top 5%
  2. The devaluation of ordinary labor and capital means the bottom 60% of the economy that lacks the requisite skills
  3. The concentration of wealth and power in the hands of the self-serving few corrupts the economy and democracy.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.