Complaining about today's problems is one thing. I do it often. Here I am complaining about how the financialization of the economy has ruined things. But what about solutions?
One is something called the Tobin Tax. It's a measure that would throw a little sand in the speculative machine, increasing incentives on investment for productive use rather than speculation. A thousand economists have signed a letter to the G20 finance ministers urging them to adopt such a measure.
Hedge fund managers make as much in one hour as a middle class household makes in 47 years. And while the income earner in that middle class household is actually bringing overall value it's not clear that the hedge fund manager is doing so. The Tobin Tax would help. It's working fine in England, but Wall St is resisting and so far Washington is siding with them.