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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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
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
This recent post in The Atlantic reminds us of something we all know: Wall Street is as corrupt as the movies portray it to be. Writer Bouree Lam discusses a recent report out of Notre Dame that examines whether or not … Continue reading