I am a writer, a mother, and a historian – a combination which sometimes does not allow me to sleep at night for all the worrying questions my brain manages to churn up.
The past couple of years I found that many of the questions I would ponder focused on an economic theme in nature: Why did our nation’s economy seem healthier at one point than it does now? What changed? How did it change and who is behind it?
It seemed to me that American economics is no longer the same game: Someone moved the boundaries and changed the lines. Somewhere a new rule book was written. I wanted to get my hands on it. I wanted to know and understand what the new rules are. I wanted to know why the stock market continued to break record highs while unemployment remained a serious issue. I wanted to know what the new playing field looked like. I wanted to know why words like ‘regulations’ created all kinds of strife in the news. I certainly felt that I wouldn’t be able to make sound voting decisions unless I knew the game better. I went on a hunt to find the new rule book.
I began with the news which turned out to offer me little information. Whether written or broadcast, I noticed the mainstream media was repeating the same stories over and over but never really getting to the heart of the matter: what is the new game?
I began to read and research in a way that only a historian does: Read a book, look at the references and sources, read those. Repeat.
Somewhere in that maze of reading and research, I came upon a writing that actually put a word to this new economic game and its amended rule book. “Working Paper No. 525 Financialization: What it is and Why it matters.”
Financialization! There is a new game after all! Someone did throw out the old rule book and create a new one! There’s even a name for the new game! It’s been around for two decades!
Wait. What? The new game of Financialization has been around for twenty years and affected nearly every aspect of American life, but we Americans don’t know about it?
Someone needs to let the rest of us in on the workings of the new playing field and its boundaries. We cannot make informed decisions if we don’t know how the new game works.
Something must be done to get the word out. We cannot let ignorance be our downfall.
‘Someone’ needs to start a website so the rest of her cohorts know about this new game and its rules.
I figured that ‘someone’ might as well be me. I did do all that research, might as well invest that time into something of worth. We face another national election in a year and a half, might as well make sure that we are as informed as we can be about the issues. I’m not the only one that noticed the game has changed, might as well pass on the new rule book to the rest of us.
So here’s this website for us – The Unseen Revolution. It’s only focus is to bring the word and concept of Financialization to the national conversation in order to understand it and do something about it. It’s not the best game we can play. It’s certainly not a healthy game because the rules are entirely skewed to favor just a few players it turns out. Change is possible, the game can be reset to a more level playing field, but we must know what the game plan is first.
Here’s to new information, the changes it affects, and a healthier American economy. Here’s to lying awake at night, wondering ‘why?’
*As a historian, I strive to utilize viable, reliable resources with each entry and will provide references aplenty. As a historian, I invite my readers to keep me accountable and will happily investigate any valid suggested corrections.