As if to illustrate the devastating deindustrialization and financialization of the U.S. economy in the global era--i.e. the relentless outsourcing of real economic activity and reduction of all economic value to financial instruments or derivatives of financial instruments--Goldman Sachs is minting money by moving aluminum ingots among a string of warehouses in a derelict section of bankrupt Detroit.
Click here and here for the mind-blowing, bizarre story that reads like a finance capitalism--or casino capitalism--case study.
