Since the 1980s, the US has developed a form of finance-led capitalism in which growth has been highly dependent on credit expansion and asset bubbles. Profitability has steadily climbed, and there has been a massive redistribution of income in favour of the top 1% of income earners. But the...

Up until now, the management of the financial crisis has been placed, primarily, in the hands of those who allowed the crisis to happen. Investors and financial institutions have received government support at tax payers’ expense while the needs and interests of other victims of the crisis...