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Rising wealth concentration helped lead to the 2008 financial crisis and continues to contribute to ongoing financial instability

Goda, Thomas (2014) Rising wealth concentration helped lead to the 2008 financial crisis and continues to contribute to ongoing financial instability. LSE American Politics and Policy (09 Apr 2014). Website.

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Abstract

In the last decade the accumulation of wealth at the top has increased dramatically. Thomas Goda looks at the impact of this on-going concentration of wealth on financial stability. He argues that this concentration was a root cause of the recent financial crisis, and that it still poses a threat to the financial system because sufficient investible securities are not available to satisfy the increasing global demand for financial assets. He writes that to solve this problem wealth has to be redistributed.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2014 The Author; Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 11 Aug 2014 12:00
Last Modified: 12 Dec 2019 01:29
URI: http://eprints.lse.ac.uk/id/eprint/58852

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