AMERICA IS BROKEN, WHAT NOW? – Global Guerrillas has this terribly depressing chart showing how we have managed to destroy the connection between productivity and wages. We have to get this back on track, I think.

Great regression

Separately, if we are looking for one of the culprits, the spread of maturity transformation may be one cause (if you can get past the unpleasant language that occasionally pops up).

Thought experiment: imagine a bank which lent out one times its assets rather than 10 times or 10 million times?