Cullen Roache!

I have a rather simple opinion on this one. The modern day Steve Jobs doesn’t start an Apple. He starts a hedge fund. We don’t ship our best and brightest into productive lines of work en masse anymore. We ship them to Wall Street. Hence, the financialization that we have all come to know and hate becomes self perpetuating. Unfortunately, this is part of the curse of wealth. As we have become such an enormously wealthy nation we have seen a boom in the demand for Wall Street’s services as wealth needs to be protected and nurtured. Pragmatic Capitalism

Let me give Cullen a hint. We have big finance because we have big government debt courtesy of the mis-informed 'chartalists' who think money printing is a smooth path to partial debt reduction.