2- What follows will in no way try to explain the uprising. Arguably, long list of ingredients were thrown into a toxic cocktail mix that produced what we have come to know as #Syria ‘s uprising
This, however, must not distract us from studying the Eco backdrop leading into 2011
when has the FIRE sector ever produced real productive growth for a national economy as a whole?
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Well, to be fair you do need a functioning FIRE in modern economies. But they are labor-intensive for sure
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Finance has taken over the industrial economy, so that instead of becoming what it was expected to be in the 19th century--mobilizing & recycling savings to finance industrial production--finance reverted to its pre-industrial form of rent collection.https://www.nakedcapitalism.com/2016/04/michael-hudson-the-wall-street-economy-is-draining-the-real-economy.html …
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