This is not a new topic, but it seems to me pertinent to progressive economics to continue to ask dialectical questions like:
How is wealth created ? What is the source of wealth ? How do the activities of financiers contribute to wealth creation ? Or do they ? We have to challenge the legitimacy , the generally accepted notion , that it is appropriate to compensate hedge funders, for example, on the scale that they are compensated for their activities. For those who disdain the labor theory of value, ok. What's your theory, and how do you legitimize the levels of compensation in value, in wealth, that financiers have ? Charles
