Investing In A Financialized COVID-19 World, Part 1
The COVID-19 pandemic has revealed the fragility of the US economy. For forty years, most US households (the bottom 90%) have endured stagnant wages, rising debt loads and generalized economic insecurity. More than 50% of all US households live paycheck to paycheck and the majority are unable to afford to live for three months without any income.
The key event driving this level of insecurity was the turn toward “market knows best” framework and the decision to deregulate financial markets duri…
