In Kevin Phillips's "The Cycles of Financial Scandals" how does Phillips suggest financialization has had an adverse effect on America? Do you think most informed Americans would agree with Phillips's assessment of financialization's adverse effect? Provide examples from any of your reading, your conversations with other Americans or your experience to support your evaluation of Phillips's assertion.
Related articles of interest:
"Slouching Toward Populism" by Maureen Dowd
"All the President's Enrons" by Frank Rich
"Steps To Wealth" by Paul Krugman