America’s core economic problem

Financialization of the US economy has been the only vehicle to avoid politically unpalatable recessions since the Volcker recession that ended the inflationary spiral, and  it attracted economic attention in terms of investment away from research and development.  Eventually the gap in return on investment between what financialization apparently offered and what R&D could deliver grew and grew, while investment priorities shifted proportionally. Most of the returns on financialization analyzed over its life cycle will be significantly lower than was promised due to the bulk of the difference being based on pyramid schemes, fraud and obfuscation.

I relied on this as the framework for this thesis.


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