A miracle just happened. An economic egghead finally said something I could understand without listening to him a second time. I found this discussion to be thrilling as it lays out the ways and means of bringing down the global autarchy. This is one of the formats where Stefan shines. I have listened to no better explanation as to how people are currently enslaved.
Recently, at my son's graduation, I noticed that the top students were headhunted by people from the finance industry: not industrialists, engineering firms, aerospace companies, but bean counting and deck shuffling concerns. The implicit parasitism of this system is better explained by these two gentlemen than elsewhere. As for the discussion of the East-West swing in prosperity, the railroad that splits Baltimore in half is serviced by a Chinese railroad firm. It's on Erdman Avenue and named Yangtze Railroad something or another. But there you go, Uncle Sam has fallen and he can't get up unless we send that Chinese medic over...
If you don’t quite understand how that projectile got stuck in your ass, check it out.
I have frequently argued that the misallocation of brains to finance instead of to tangible industries is attributable to government intervention in the markets and analogous to other forms of malinvestments seen during credit bubbles. I remember reading, probably back in 2007 or earlier, that the entire year's worth of worldwide chromium mining was devoted to blinging out Cadillac Escalades. That was one of the moments I remember thinking either I'm crazy or everyone else is crazy.
Off topic:
Why We Need Hillary - Jack Donovan
radixjournal.com/journal/2014/2/21/why-we-need-hillary