Finance Industry Is a Grift. Start Treating It That Way | RealClearPolitics

RealClearPolitics

by Oren Cass, New York Times

February 19, 2026

AI-Generated Deep Dive Summary

The finance industry has long been criticized for its role in perpetuating economic inequality and exploiting vulnerabilities in the market. Oren Cass of the New York Times argues that it’s time to view the finance sector as a “grift,” meaning it thrives on manipulation, loopholes, and unethical practices rather than fostering genuine economic growth. This perspective highlights how the industry often prioritizes its own interests over public welfare, contributing to issues like income inequality and financial instability. Cass points out that the finance industry wields significant political influence through lobbying and campaign contributions, allowing it to shape policies that benefit its bottom line. This dynamic creates a cycle where politicians may prioritize financial sector interests over the needs of everyday citizens, leading to deregulation and reduced accountability. The article also draws attention to how the finance industry profits from exploiting economic disparities, such as through predatory lending or speculative trading practices that can destabilize markets. The implications for politics are significant. If the public begins to see the finance industry as a grift, it could erode trust in both the market and political systems. This shift in perception might push voters to demand stronger regulations and reforms aimed at curbing exploitation and ensuring fairness. Politicians who champion these changes could gain traction by appealing to constituents concerned about economic inequality and corporate accountability. Ultimately, treating the finance industry as a grift underscores the need for systemic change in both economics and governance. It emphasizes the importance of transparency, regulation, and prioritizing public good over private profit. This perspective is particularly relevant for readers interested in politics, as it ties into broader debates about economic justice, corporate influence, and the role of government in addressing these issues.

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Originally published on RealClearPolitics on 2/19/2026