How the American Economy Is Rigged to Serve the Rich, and Why Tariffs Won't Change That

191 finance ministers and central bankers gathered in Washington this week to discuss the state of the world economy, showing how Trump's disruptive policies are beginning to harm the world

How the American Economy Is Rigged to Serve the Rich, and Why Tariffs Won't Change That

The money to support well-paid American jobs exists—it’s just being hoarded by the rich.

The world is not poor, it is unjust, brutal, and designed to break the many to lift the few.

How the American Economy Is Rigged to Serve the Rich, and Why Tariffs Won’t Change That

Yves here. William Lazonick has explained how financialization, particularly stock buybacks, share-price linked executive pay, and the outsized role and pay levels in asset management, particularly private equity and hedge funds, have been at least as destructive to middle and working-class…