> Another lesson that Americans have already learned is the peril of excessive financialization of the economy

Don't mean to be blunt, but when did that happen? How has a country where you can finance your burrito [1] "learned the perils of excessive financialization"?

Also, a lot of this (especially the slower recovery after 2008) reads more as the perils of being the periphery of an empire vs being the core.

[1] https://finance.yahoo.com/markets/stocks/articles/uber-techn...