This Week - Jun 20, 2014

'Let markets work', you say, 'so that capital and labor can rapidly reallocate to create new fields and jobs.' Well, we're three decades into an era of systemic deregulation and financialization. The result? Global recession, lingering structural unemployment, and an accumulation of capital at the top of the economic pyramid. In this climate, capital has indeed 'rapidly reallocated'…into hard-to-tax, hard-to-regulate asset classes like fine art. Small business loans are still crunched and austerity reigns while tens of billions in corporate profits sit in off-shore tax shelters.

— Dear Marc Andreessen (Alex Payne for Valleywag)