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: free market myth
I write A LOT about socialism on this site because I find evidence that it brings a balance to economic systems. As I’ve just completed my second book and look towards marketing strategies and the best platforms on which … Continue reading →
A big part of the process of financialization is the influence of elite/corporate interests in politics and policy setting. A recent article published by a website The Nation exemplifies this principle: our Federal Reserve system is quietly being saturated with Goldman Sachs … Continue reading →
The word oligarchy is getting lots of coverage these days as more and more of us are realizing how close we are to becoming a nation of many ruled by a few, unelected, elitist individuals. A recent Al Jazeera article … Continue reading →
Capitalism thrives on a free market and its staunch supporters are heard loudly complaining if the R-word is mentioned (R = Regulations). Free market proponents claim that any kind of government interference in the form of regulations will constrain the … Continue reading →