The pope, Obama and a former banker walk into a slum: does the 1% still win? | Chris Arnade | Comment is free | theguardian.com:
"The sharing-the-winnings part never happens. It certainly didn't happen prior to the crisis, and it didn't happen even as the American economy collapsed. The winners kept using their new wealth to further empower themselves. They did this by flooding the political system with money to stack the deck. Rather than invest in job-friendly projects, they moved production to places with the cheapest labor and the fewest regulations.
When you bend the rules to favor the wealthy, they never give back."
Michael Hudson: The Catholic Church, the Crusades, and the Origins of
International Banking
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A wide ranging talk that corrects the record about banking, such as the the
Catholic Church, as opposed to Jews, being the prime mover
2 hours ago