SchwartzReport: How Big Finance Has Killed US Economy Including Innovation

03 Economy, Commerce, Commercial Intelligence, Corruption, Ineptitude

This is a really good take on what is happening financially, and why it has a deadening effect on technological development. When immediate profit is your only priority, there are no correcting forces, and you slowly go off course in terms of wellness. Until you crash. We ask the wrong questions so we get the wrong answers. Author’s note: This post is based on papers presented and remarks made during a *conference panel I moderated featuring William Lazonick of U Mass-Lowell, Jan Kregel of the Levy Institute and Damon Silvers of the AFL-CIO.

Big Finance Is Strangling Innovation
LYNN STUART PARRAMORE, Senior Editor – Salon/AlterNet (U.S.)