America needs more housing inventory. We ALSO need to stop private equity firms buying up homes

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7. It's part of the destruction of the economy through financialization

Thanks for the vid. Very important danger to today's economy!

Just read a good article on it:
Mad Money: The Financialization and Rising Inequality of the US Economy

Over the last few decades, the financial sector in the US has been taking up a larger share of gross domestic product (GDP) and financial profits as a share of the total corporate profits have been increasing, as seen in Figure 2 below. This trend of the growing size and importance of the financial sector in the operation of the overall economy is referred to as the financialization of the economy.

The process is self-perpetuating—as more funds are directed towards financial assets, the price of those assets increases, generating potential for profits and encouraging further investment in financial assets. ...However, because the rise in asset prices is partly driven by speculative demand, and not an increase in the intrinsic value of these assets, economists have warned about an impending economic crisis from the bursting of this asset bubble, which could have damaging consequences for the broader economy.

Economic gains from extracting from the US economy have accrued to the highest incomes, while they apply AI and layoffs to reduce labor's share of the pie.

It is unsustainable and needs a lot of attention. Thanks for keeping this problem visible!

https://www.bu.edu/eci/2022/08/02/mad-money-the-financialization-and-rising-inequality-of-the-us-economy/