The article underlines that uncontrolled and wasteful debt is the main culprit for a economic system that not only makes inequality in the world methodically more extreme, but also systematically misdirects economic resources. Mainstream economic thinking is plainly wrong in circumstances of...

The article is a criticism of how a crony capitalism economic system operates to transfer and destroy wealth. It highlights the main economic distortions that lead to financialization of the economy and result in wealth extraction rather than wealth creation