On The Zombification Of Economy & Oligarchification Of Society
The last 30 years saw an increase in profit for each dollar.
In the early 1990s, it was $.03 per dollar of revenue. Today is it $.11. So what is the cause of this?
While many want to say technology, digging deeper reveals that it is financial engineering. The Fed policy along with other central banks is not tightening. They are all pursuing a looser policy which is good for the markets.
Financialization is what is allowing CEOs to invest their profits in record stock buybacks. This is all part of it. The profits come from financialization which get rolled back into it.
This is similar to what took place in 2007 and 2008.
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