Ezra Klein on Ross Doutaht
links for 2010-06-21

Forty-Five Percent?

Simon Johnson:

The Quiet Coup: From 1973 to 1985, the financial sector never earned more than 16 percent of domestic corporate profits. In 1986, that figure reached 19 percent. In the 1990s, it oscillated between 21 percent and 30 percent, higher than it had ever been in the postwar period. This decade, it reached 41 percent...