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: financial elite
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
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
I watched CSPAN last Friday with a combination of anxiety, hope, and not a little bit of desperation. Thank you Nancy Pelosi (my home state representative) and others for standing up to the un-democratic process that would lead our nation … Continue reading
The Guardian (I stress, again, NOT a US newspaper) just published a quite insightful article concerning the connection between US Congress members and their rebuke of democracy by relegating the Trans Pacific Partnership (TPP) to a fast track passage. Here … Continue reading