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: wall street
I’m of the opinion that we pay way too much attention to the stock market. While news hosts and twitterers obsess over its fluctuation, it isn’t the end all, be all sign of our economic health, although there’s an upside … 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
Earlier this week I discussed the idea of new corporate behavior and its role in The Financialization Revolution, I said “Since the Financialization Revolution, the goal of satisfying shareholders instead of consumers has become the primary focus of corporations.” A new Think … Continue reading
“Business people stopped judging themselves based on companies long term growth or reputation in consumer polls; instead, the measurement of their worth became a function of the bonuses and salaries they could squeeze out of the marketplace or out of … Continue reading