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Oren Cass On ‘Rebuilding American Capitalism’

Federalist Radio Hour

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The Importance of Financialization

Financialization is the idea that an increasing share of our economic activity starts to happen in financial markets. It's a key piece of what has gone wrong with capitalism, says Julian Zelizer. The invisible hand can just as quickly push everybody off into trading Bitcoin as it can push people toward doing something useful, he adds.

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