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: financialization revolution
A “Free market equals a Free human” is a nice catchy phrase. It implies that there’s no burden of regulation, no government interference, no one sitting in a far away office telling you what you can and can’t do with … Continue reading
They’re some of my favorite words of the preamble, and as all words of our our founding document, they were carefully, purposefully, weighed before they were chosen by our forefathers. … Continue reading
The Koch brothers tentacles reach deep within the neuro-network of our nation and if you haven’t read ‘Dark Money’ by Jane Mayer yet you should click on over and order that writ. While you are waiting for your delivery, check out … 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
A couple of the biggest banks in our nation have the honor of headline news recently: Wells Fargo and Goldman Sachs have both been held accountable for one of the best Bank Jobs ever: the housing bubble market. Reuters reports about a … 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
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