Tuesday, October 13, 2009

A 'Must-Read' Synopsis of the Impact of Predatory Capitalism

I seldom just link to articles, but this one by William K. Black, author of The Best Way to Rob a Bank is to Own One puts it so clearly and succinctly that there's nothing for me to add.

From the excellent website New Deal 2.0:
Roosevelt Institute Braintruster William K. Black explains how the finance economy preys on the real economy instead of serving it. He shows how both have become dysfunctional and warns that we must not neglect the real economy — the source of our jobs, our incomes, and the creator of goods and services — as we focus on financial reform.
Read, please.