It’s Our Economy has the post A Healthy Economy Cannot Rest on Financialization.
Given this data, a reasonable person might conclude that the financial sector is two to four time too large. Therefore, we could either dramatically reduce the financial sector to one quarter to one half its current size, or cut its profits, salaries and bonuses by 50 to 75 percent without harming the economy.
This also means that progressives need to be more radical in our demands if we truly wish to tame financialism.
To paraphrase Grover Norquist, our goal should be “to shrink [Wall Street] down to the size where we can drown it in the bathtub.”
What the Republicans call the job creators are in fact the job killers. This article presents the evidence. As soon as more people figure this out, the Republican’s political power will be gone.