Thorstein Veblen (1857–1929) advocated a left capitalism unlike any political position existing today. http://en.wikipedia.org/wiki/Thorstein_Veblen#Veblen.27s_economics …
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Veblen was nostalgic for times when factories were typically managed by technically-ept owners, who ran them sensibly.
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Securitization, mostly new in late 1800s, created principal-agent problem: clueless owners and self-interested managers.
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