Financialization, de-industrialization and ‘gangster capitalism’: California professor on unraveling of social contract in US|Global Arena
By: Global Times | Published: Jan 18, 2026 03:12 PM
The post-WWII contract in the US, where corporations exercised restraint in profitability and provided lifetime employment, dissolved. America once had to fight for hearts and minds to demonstrate that it was a better society than Soviet Union. However, the financialization of the US economy, along with de-industrialization and the fall ...