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: great recession
The Bank Job
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
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Tagged american economic policy, american economics, bernie sanders, bernie sanders election 2016, bernie sanders president, election 2016, financialization, financialization revolution, goldman sachs, goldman sachs housing bubble, goldman sachs settlement, great recession, wells fargo, wells fargo fine, wells fargo housing bubble
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Would That We Could, Like Iceland
There’ll be a movie coming out in December entitled “The Big Short”based upon a book by the same name which was written by Michael Lewis of “Moneyball” and “The Blind Side” fame. The book is a tedious timeline of … Continue reading
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Tagged american economic policy, american economics, american economy, american politics, bank bailouts, bank fines, banking industry, bernie sanders, bernie sanders donates big pharma money, bernie sanders election 2016, bernie sanders martin shkrelis, bernie sanders president, bernie sanders stands up to big pharma, big bank fines, big bank interest rate rigging, capitalism, capitalism in america, china prosecutes its white collar criminals, china sends executives to jail, election 2016, financialization, great recession, hillary clinton, hillary clinton and election 2016, iceland jails its bankers, iceland prosecutes bankers, michael lewis, the big short, the big short and financialization, the big short michael lewis, the big short movie, the financialization revolution, the unseen revolution
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Book Review – ‘The Shock Doctrine: The Rise of Disaster Capitalism’
Klein, Naomi. “The Shock Doctrine: The Rise of Disaster Capitalism.” Picador, NY, 2007. If ever I could force, bribe, blackmail, sweet talk, cajole, or otherwise entice you to read a book that describes our modern economic age, this would be … Continue reading
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Tagged 1%, american economic policy, american economics, american economy, american politics, banking industry, capitalism, ceo bonuses, class warfare, corporate behavior, corporate greed, deregulation, economic policy, economics in america, economy, election 2016, federal reserve, financialization, financialization revolution, globalization, great recession, hillary clinton, hurrican katrina, imf, naomi klein, politics, politics in america, poverty in america, privatization, shock doctrine, shock doctrine naomi klein, socialism, world bank
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