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: shock doctrine naomi klein
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 →
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 →