Title: He's got it right!
Review: This is the best explanation yet of why the distribution of wealth in the United States has become more unequal under the Clinton and Bush II administrations. We need well-paid workers who come up with innovative ways to do things, not third rate mutual fund managers who dominate the economic landscape. When the Dutch and British went through "financialization" they stopped creating new products and let their versions of Wall Street take over, as Phillips rightly points out. An other book that just came out "The Great 401(k) Hoax", shows how the inequality of wealth has hurt the retirement prospects of the American family. It also tells the family how to protect itself.
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