America's 100 Richest People Control More Wealth Than the Entire Black Population

[moondust]

5. Thanks Reagan.

Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.

Financialization serves investors at the expense of workers. Who were the investors between 1980 and 2010? Almost exclusively white people. And who were the workers? Everybody else, including many white people but nearly all minorities.

I don't know if financialization was deliberately racist or incidentally racist, but Reagan did nothing to stop or limit it back in the early days when it could have been stopped or limited to protect millions of good-paying jobs for working people. If anything he helped it along with his sinister trickle-down hoax.