Table of Contents

Table of Contents


About the Author

Central Purpose

The Research and Writing Process

Approaches to Reading the Book


The Great Divide

The $47 Trillion Rip Off

Basic Themes

Chapter 1 – A Little Context

Escaping the Silos

Orthodox Economics

Integrating The Silos

The Rich and Corporations

Chapter 2 – Capitalism Defined

What is capitalism? – our politics’ rhetoric

Capitalism defined

What is an economy for? – our view

Chapter 3 – Neoliberal Wealth Supremacy

The rich and corporations understand how capitalism works

Regulatory Capture

About Neoliberalism

Neoliberal Wealth Supremacy – the most successful social movement of the last 100 years

Learn more about Neoliberalism

Chapter 4 – Capitalism – key features

Some Context

The role of the Scientific Revolution

Free Markets?

Capitalism produces precarity – persistent insecurity

The capitalist system is unstable

Capitalism operates through unequal power relationships.

Private property and rent

Capitalism tends towards monopoly.

A Monopolization Case Study – Chickenization

Competition – avoided or eliminated

Capitalism concentrates wealth and income.

Anonymous Capitalism

Capitalism controls investment

Capitalism features ubiquitous use of “external” costs.

Externalities in the Digital Age

Externalities and Health – Industrial Food

Corporate Law

Capitalism works on a short investment time horizon.

Capitalism does not provide for housing, healthcare, education, and other family needs

Capitalism distorts, changes, and creates human demand and consumption.

Misapplication of markets

Capitalism disaggregates the production of goods and services.

Global Capitalism – Globalization

Capitalism requires endless growth on a planet with finite resources.

Is capitalism a system?

Slavery, colonialism, and the use of state power.

Chapter 5 – Financialization – from production to extraction

Chapter 6 – Money and the Financial Sector

What Is Money and How Does It Work?

Modern Monetary Theory

The Financial Sector

Changes in the structure and operation of financial markets

Changes in Behavior of Nonfinancial Corporations – the real economy

Shareholder Value Theory

Changes in Economic Policy

Too Big to Fail – Socializing Private Risk

Risk Management and Gambling

Intellectual Property, Patents, Copyrights

Mass Debt

Secrecy, hidden money, taxes

Does The Financial Sector Add Value?

More about Capitalism – Key Features

Chapter 6 – How does this compare to American values?

My children will be better off than me – upward social mobility

Everyone is equal

Your life is in your own hands – the land of opportunity

Justice and the Rule of Law

Chapter 7 – Precarity – How we experience capitalism.

Labor Precarity

Housing Precarity


Food Precarity

Education Precarity

Precarity for Women

Health Precarity

Rural Precarity

Precarity of Time

Aging and Retirement Precarity

Mental Health Precarity

Attention Precarity

Is Precarity a Global Phenomenon?

Chapter 8 – In Conclusion

Appendix 1: Understanding Charts and Graphs

Real (Constant) (Inflation-adjusted) Dollars

Appendix 2 – Envisioning $47 Trillion

What is $47 trillion – 47,000,000,000,000 – a comparative exploration?

The Billionaire Tower View

The Around the World View