The Rise of the Wall Street–Washington Corridor

The U.S. shift from the military-industrial complex to the Wall Street–Washington corridor reflects a structural and ideological change: industrial dominance waned, finance grew, and policymakers prioritized financial power as a strategic lever, replacing “what’s good for GM” with “what’s good for Wall Street.” Military-Industrial Complex (1940s–1970s) In the mid-20th century, the United States witnessed the … Read more

From “GM” to “Wall Street”: U.S. Financialization and China’s Rise

The ideological shift from “What’s good for GM is good for America” to “What’s good for Wall Street is good for America” did not happen earlier because the structural and institutional conditions of the U.S. economy, politics, and global system were different. Industrial Economy Dominance Before the 1970s, the United States was fundamentally an industrial … Read more