Behind the abstraction known as 'the markets' lurks a set of institutions designed to maximize the wealth and power of the most privileged group of people in the world, the creditor-rentier class of the First World and their junior partners… — Doug Henwood Copy Share Image
Instead of taxing rich people, governments borrow from them, and pay them interest for the privilege. — Doug Henwood Copy Share Image
A rentier is an investor whose relationship to a company or enterprise is strictly limited to the ownership of financial wealth (such as stocks… — Doug Henwood Copy Share Image
Behind the abstraction known as 'the markets' lurks a set of institutions designed to maximize the wealth and power of the most privileged group… — Doug Henwood Copy Share Image
Instead of taxing rich people, governments borrow from them, and pay them interest for the privilege. — Doug Henwood Copy Share Image
