Jason Koebler, writing at Motherboard:
We have been told for decades that the banks and the people who work at Goldman Sachs and Fidelity and hedge funds none of us have ever heard of are smarter than us, that they deserve to be rich, that they should be the ones who pull the levers on the economy, that they should decide which companies are good and which are bad, that they should be the ones who help make financial regulations. All along the way they have gotten fabulously wealthy and we have been stuck with stagnant wages, record consumer debt, and financial advice that tells us to wait until we are old to retire.
Does this overstate the case?
I do not think this overstates the case.