Money Manager Capitalism And The Global Financial Crisis @deficitowls5296
Money Manager Capitalism And The Global Financial Crisis @deficitowls5296
Deficit Owls | Money Manager Capitalism And The Global Financial Crisis @deficitowls5296 | Uploaded August 2016 | Updated October 2024, 2 minutes ago.
Professor L Randall Wray discussing the form of capitalism that Hyman Minsky referred to as "money manager capitalism." The rising levels of debt since the 1970s produced financial assets held by pensions, university endowments, sovereign wealth funds, etc., that had to be managed. Efforts to "beat the average" lead to greater and greater risks and leverage, and ultimately disaster.

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Money Manager Capitalism And The Global Financial Crisis @deficitowls5296

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