We need a social economy, not a hyper-financialized plantation economy - Nooganomics. Local economy & free markets
print By Charles Hugh Smith November 12, 2015 — The key to broadly distributing capital and reversing inequality is to nurture the source of social capital: the community economy. We all know what a hyper-financialized economy looks like — we live in one: central banks create credit/money out of thin air and distribute it to the already-wealthy, who use the nearly free money to buy back corporate shares, enriching themselves while creating zero jobs. Or they use the central-bank money to outbid mere savers to scoop up income-producing assets: farmland, rental properties, cartels, etc. The only possible output of a