2min chapter

Institutionalized cover image

The Elites with Nils Gilman

Institutionalized

CHAPTER

The Carriage Interest Loophole and the Cult of Finance

The carried interest loophole, which created the private industry crited lots and lots of millionaires who basically make money by shifting around paper or shifting around digits on a computer. Thats, you know, created the cult of finance. There are other things that have happened in terms of policies in educational institutions which have encouraged people to get their kids into these places. Andounow: "There are policy choices we've made as a society that really have made a really big difference for this"

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