"We are in a very unique period, in which we're seeing the biggest disconnection between financial capitalism and the real economy since modern economies began in the 19th century,"
"That's not to say that banks don't fund some useful projects like wind farms or whatever, but increasingly they're existing in a virtual sphere in which they are more interested in funding each other, and developing complex securities, than in funding real businesses."
Edmund Phelps, Newsweek.
Nobel laureate and Columbia economics professor.
20/01/2010
Divisão entre Capital (SuperCapitalismo Financeiro) e Trabalho (Economia Real))
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