“We have an economy where wealthy people make money just by having money, not by creating value. We live in an economic system where it is more profitable to invest in lobbying government for favorable regulations and policies than it is to create a valuable, useful product. In fact, in this economy many useless activities are more profitable than innovation, seeking new markets, and creating value, useless things like collusion with competitors and betting on stock performance rather than investing in stocks directly(derivatives). We have an economy where exorbitant sums of money are being made without the contribution of anything of value from those who benefit. In this economic system, less and less real money is in the money supply and it is being replaced by borrowed money. What appears as a student loan, mortgage, and consumer debt in accounts of the many show up as real dollars in the accounts of the few (the top 10%). It seems every bank on the planet is reporting growing debt to GDP ratios. Why are we on this crash course? Because of unrestrained rent-seeking in nearly every aspect of our economy.”
https://medium.com/swlh/the-economy-is-broken-rent-seeking-broke-it-c1a4a94d77a6