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: is america socialist
Socialism is a big part of our national conversation, thanks to one presidential candidate, and many soundbites about the topic include the idea that ‘people just want to have the state take care of them.’ Well….what’s the choice? … Continue reading →
I’ve defined socialism several times as government provided services (as opposed to government provided goods). Citizens provide funds with taxes, government allocates the funds to provide services: national defense (military), legislation (congress), neighborhood safety (fire and police), education, etc. … Continue reading →
With one presidential candidate blatantly owning socialism as a way of re-directing our nation, it’s extremely important to understand exactly what socialism is, and more importantly to realize we are already a socialist nation. A quick vocabulary discussion concerning socialism: … Continue reading →
Our economy is still recovering from the housing bubble collapse of 2007/2008. People broke the law in order to create that bubble, willingly and blatantly (check out the movie The Big Short or read Matt Taibbi’s Griftopia for further enlightenment). … Continue reading →
I’m a Proud Capitalist, I’m Also a Socialist, and Even a Marxist: A Vocabulary Exercise in Economics
Jamestown. Founded by an inspired England for the sole purpose of engaging in business and turning a profit for the crown. Founded on capitalistic ideals that business is a sacred endeavor and supply and demand would guide the market religiously. … Continue reading →