Financial Capitalism: The Endgame
TYLER DURDEN, 30 March 2021
In 2008, we had the opportunity, collectively, to reboot a broken financial system so it became fit for purpose.
But instead of reconfiguring finance to serve the real economy politicians and central bankers used quantitative easing to buy time which lulled the mainstream media into reporting that everything was back on track. Some people haven’t bought that story.
Marc Friederich and Matthias Weik are two economists who didn’t succumb to groupthink after the 2008 crash and now see financial capitalism’s end game.
Friedrich explained to Renegade Inc. that the authors’ intention is to help translate the complexity of a financial system by inverting it into a language that everybody understands. Having studied economics, and as children of the dot com bubble, the authors of four best-selling books in Germany, stress the important role sarcasm and dark humour play in their work in respect to making seemingly complex matters accessible to the wider public.
According to Weik, the aim behind mainstream economists’ use of convoluted language is to create a camouflage in order to prevent them from having to explain what their terminology means. “It’s like the language of law spoken in secret phrases whose purpose is to garner public trust”, said Friedrich.
