This site is dedicated to the single purpose of making the term ‘financialization’ a part of our national conversation.
Financialization refers to a new way of doing business: instead of profits earned from actually making a product, profits are earned via stock market performance. This means the 'product' becomes secondary to dividends.
Financialization also includes an oligarchical component wherein the elite make policy decisions, steer economies, and control governments.
Financialization is seen by many economists as a natural step in overall economic systems. It is seen by many economists as having a disastrous effect on national spending, consumer behavior, and democracy.
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Tag Archives: democracy in america
It is with all confidence that I can say the recent election results have indisputably ushered us into a full-blown Financialization Era. We can no longer claim to be a democracy, we are now an oligarchy. While I can … Continue reading
This week, two big, huge, major, incredibly far-reaching Supreme Court decisions provide perfect examples of the discussion I began the other day with regards to the dual meaning of Democracy: Supreme Court Rules in Favor of Gay Marriage Nationwide US … Continue reading
I don’t think we fully realize it, but the meaning of the democracy is really a two-fer. The first and most ubiquitous meaning is identified with citizen participation in policy making and leader choosing through the process of voting, lending their … Continue reading
It’s a bit of nepotism, but I am linking an article written by my brother in law because of its excellent summary of the Trans Pacific Partnership. TPP Trade Pact Fails On So Many Levels gives a brief examination of the … Continue reading