S7 E7: Gilded Age 2.0
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Financialization: The Invisible Problem
- Marjorie Kelly argues that financialization, the excessive accumulation of financial wealth in few hands, is a major societal issue, comparable to climate change, but less discussed.
- This wealth doesn't appear from nowhere; it is extracted from people, the planet, and society.
- Kelly emphasizes the importance of questioning the origin of billionaires' wealth, challenging the trickle-down theory and arguing the flow operates in reverse.
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