“Making Lazy Circles in the Sky” 0
At the Boston Review, K. Sabeel Rahman discusses the return of “Vulture Capitalism.” Here’s how he starts his essay:
But behind the monopolies lay an even more dangerous force: the financiers who jointly invested in these companies through a variety of legal and corporate vehicles. For Brandeis, this “money trust” of “banker-barons” was the ultimate villain in the industrial economy since it existed beyond the ordinary scope of traditional checks and balances. In his famous pamphlet, Other People’s Money, he warned that financiers had “acquired control so extensive as to menace the public welfare.”
Follow the link for the rest. The time it takes to read it will be well spent, because all that was old is new again.
