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Inversions

Reforming the financial structure of ‘small-buffers’ capitalism

By Dirk Bezemer / 17 February, 2021

We live in an advanced form of what the US economist Hyman Minsky had termed ‘money manager capitalism’ 25 years ago. Today, the dominant role played by the captains of industry in the area of industrial capitalism falls to the money managers in charge of hedge funds and pension funds. […]

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