Memo to Readers: If You Want to Beat Big Finance, You Need to be Able to Take the Fight to Their Terrain

Posted on June 2, 2015 by Yves Smith

During the heyday of the financial blogosphere, even when the site’s following was much smaller than it is now, readers were keenly interested in getting to the bottom of hidden sources of risk, chicanery, and other “man behind the curtain” aspects of the operation of finance.

These issues are even more important now. We are 35 years into a finance-led counterrevolution where conservative interests are rolling back not just the New Deal, but are also pushing as far as they can in reducing the political and economic rights of laborers. And “laborers” is anyone who lives off earned income and does not have his pay directly or indirectly tied to the use of capital.