Economics & Finance / Macroeconomics / Economic Crises & Recessions
Bad Money: How Reckless Finance & Failed Politics Triggered a Global Crisis of American Capitalism
Why did American capitalism nearly collapse, and what does it mean for the world? In this video, we break down Kevin Phillips' groundbreaking research on 'Bad Money'—the dangerous shift from productive investment to reckless speculation. We explore how failed politics allowed financial elites to hijack the system, leading to the 2008 crash and a global crisis of trust. You'll learn the three key signs of a failing economic model, why political corruption isn't just a scandal but a systemic threat, and how this crisis exposed the fragility of the American dream. This isn't just history—it's a warning for today's economy.
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