Jenessa Stark

Jenessa Stark is a former Freeman Intern and staffperson at WRL. She worked for a community newspaper in Minneapolis and as a freelance writer while traveling through Central and South America in 2007 and 2008.

Capitalism’s Burning House: An Interview with John Bellamy Foster

Capitalism’s Burning House, Art by Chogrin


According to a quotation by Jim Reid that you and Fred Magdoff included in your article entitled “Financial Implosion and Stagnation” (Monthly Review, December 2008), the U.S. financial sector has made around $1.2 trillion of “excess” profits in the last decade relative to nominal GDP. How has the structure of the capital economy contributed to the ease with which such excess profits were obtained by the banks and lending institutions?