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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It was telling to me that the Koch brothers declined to support or endorse a Donald Trump candidacy, on a couple of levels. The first is trivial, I confess, yet it’s an indicator. It piqued my curiosity that the Koch … Continue reading
With all the scuffle going on about Donald refusing daily intelligence briefings (because busy!) we might as well figure out that this is what we’re in for when the roles of CEO and COC are mingled. We didn’t elect a … Continue reading
Top Democrats are planning to block some of Trump’s cabinet nominees, or at least make the process a living hell. The writing was on the wall for this one, but it bears some deeper inspection. Of course the dems can … Continue reading
First there were protests (though some of that was an expression of angst in general). Now there are recounts and investigations. It seems all kinds of messy, as democracy usually is. But at this point, with a reactionary as president-elect, … Continue reading