Ultimately it is crisis-ravaged real estate where Blackstone seeks to continue to find a goldmine while anchored by generous political contributions and fueled by desperation capital pouring out of central banks and governmental treasuries.
Long before the 2008 financial collapse rocketing, debt and financial wizardry masked the deep underlying fragility of finance-led growth, with wages and productivity stagnating, inequality exploding and ecological systems teetering.
Coronavirus is not only a public health crisis, it is also a shock to the global economy. Working people must demand that government act, or we and our families will pay the price for others’ lack of action, as we so often have in the past.
The main focus of the recent UK general election was on Brexit. But behind Brexit was a fundamental debate about the economy. Andrew Cumbers argues that pro-Brexit voters who wanted to "take back control" should consider what "control" really means.