RANA FOROOHAR

The American economy must be altered to put business back in the driver's seat. The correct role for finance is to support job creation.

Our system of market capitalism wasn't handed down, in perfect form, on stone tablets. We wrote the rules. We broke them. And we can fix them.

Debt is the lifeblood of finance; with the rise of the securities-and-trading portion of the [financial] industry came a rise in all kinds [of debt], both public and private.

Little by little, The Depression era regulations that had served America so well were rolled back and finance became the dominant force that it is today. The shifts were bi-partisan and, to be fair, seemed like good idea at the time. But they also came with unintended consequences.

We have a tax code that favors debt over equity.

The single biggest unexplained reason for long term lower growth is that the financial system has stopped serving the real economy and now serves mainly itself.

America's economic illness has a name: financialization. It's an academic term for the trend by which Wall Street and its methods have come to reign supreme in America, permeating not just the financial industry but also much of American business.

America's economic illness has a name: financialization. It's an academic term for the trend by which Wall Street and its methods have come to reign supreme in America, permeating not just the financial industry but also much of American business.

We have a tax code that favors debt over equity.

Little by little, The Depression era regulations that had served America so well were rolled back and finance became the dominant force that it is today. The shifts were bi-partisan and, to be fair, seemed like good idea at the time. But they also came with unintended consequences.

The American economy must be altered to put business back in the driver's seat. The correct role for finance is to support job creation.

The single biggest unexplained reason for long term lower growth is that the financial system has stopped serving the real economy and now serves mainly itself.

Our system of market capitalism wasn't handed down, in perfect form, on stone tablets. We wrote the rules. We broke them. And we can fix them.

Debt is the lifeblood of finance; with the rise of the securities-and-trading portion of the [financial] industry came a rise in all kinds [of debt], both public and private.