Yes, but it would require lawmakers and regulators to put reforms in place to move away from financializing-all-the-things to something different. Right now, the money is in financializing-all-the-things, so that isn't going to stop. Most can't even articulate with the something different could be - reindustrialization with stronger labor laws? Anti-monopoly moves to break up big corporations into smaller ones and prevent M&As?
The ultimate check is some form of socialist revolution, which then ends up swinging to the extreme the other way. There never seems to be a balance.
(11+1+1+1+1+1+8 points, 4+3 comments) https://news.ycombinator.com/item?id=49007338 https://news.ycombinator.com/item?id=49004158 https://news.ycombinator.com/item?id=48997516 https://news.ycombinator.com/item?id=48994285 https://news.ycombinator.com/item?id=48992115 https://news.ycombinator.com/item?id=48941758 https://news.ycombinator.com/item?id=48920470
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The ultimate check is some form of socialist revolution, which then ends up swinging to the extreme the other way. There never seems to be a balance.