Dennis Kelleher on The Most Pressing Problem in Global Economics @ #INET2017

The global financial system remains fragile, with explicit government guarantees since 2008. This has led to an economy dominated by too big to fail banks, resulting in an oversupply of credit that doesn't reach the productive economy. Consequently, economic growth, productivity, and wages are low. The financial sector thrives on speculation, benefiting a few bankers, while the real economy suffers. A fundamental shift in economic thinking is needed to prioritize the productive economy over finance, ensuring broader prosperity.

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