How The Financial Sector Sucks $635 Billion Every Year From The Real Economy

From ThinkProgress Thu Dec 6 2012, 18:00:06

Before the Great Recession, the financial sector had consistently been eating up a greater and greater share of the economy. In 2007, it accounted for a whopping 40 percent of corporate profits. Before 1950, the financial sector made up less than 3 percent of GDP; now it makes up more than 8 percent. According to [...]

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