In The Real News article Inequality and Instability, “James K. Galbraith presents his study of the world economy just before the great crisis ”

From the transcript:

GALBRAITH: The book is built on a new body of information or a body of information from which we were able to measure the movement of inequality in the United States and broadly around the world over a period of about 40 years. And by doing that, we were able to make a much closer, I think, more careful comparison than had previously been possible between economic inequality as we measure it and the other things that are known to go on in the economy.

And the most basic finding, which is the one you already mentioned, is that the movement of inequality has been very closely associated in the U.S. and everywhere else with the financialization of the world’s economies and with the rising share of income in the financial sector and in sectors favored by the financial sector, that is to say, in sectors financed by venture capital and credit flows. And so what you see is a phenomenon where inequality becomes a measure of the dependence of economic growth on finance, and therefore on the instability of finance.

I have not been able to find part two of this interview yet. Perhaps it will be posted within the next few days.