TYR 14 January 2013 reads: The Neoliberal Financial Skim

The Neoliberal Financial Skim @ Of Two Minds describes in 5 simple graphs how “the perfection of the Neoliberal order is a parasitic financial sector protected by the Central Bank and State”.

And how “the Central Bank and State protect the financial sector’s vast skim of the national income with a combination of toothless regulations and regulations that are only enforced for purposes of percetpion management”.

And how “when the aforementioned benign neglect is insufficient to divert the national income to the parasitic finance-rentier sector, then the Central Bank and State actively transfer taxpayer monies to the financial sector via tax breaks, loopholes, and massive direct and indirect subsidies.”

Dont’ miss the graphs, courtesy of the Federal Reserve Bank of St. Louis.

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