Financialization Is Only About Making Money From Money, Not The Real Economy Or Capitalism author: _ Here are some articles written in the past 2 or 3 years about Financialization, which has been growing since the 1970s and has been endemic in the global economy since 2000. When combined with fiat currency issued by private central banks (as currently seen with the Federal Reserve's QE-infinity bailouts, payouts etc.) it is a recipe for economic disaster and further weakens the overall Real Economy i.e. actual goods and services transacted along with price discovery function and valuation. It is so pervasive that our global economy can be no longer be considered a "free market" or "capitalism" The financialization of banking, and of business in general, has hampered real growth and innovation while exacerbating inequality. It has disconnected actual product from value, and created vast bubbles in markets such as housing, insurance and credit. Buybacks by corporations of their own stocks have contributed to rigging of capital markets. Today the finance sector makes up only 7% of the economy and creates a mere 4% of all jobs, while generating 40% of corporate profits.
What is Wrong With This Picture? http://knowledge.wharton.upenn.edu/article/pitfalls-financialization-american-business/ Finance The Pitfalls of the 'Financialization' of American Business Jun 28, 2016 According to Time magazine journalist Rana Foroohar's new book Makers and Takers: The Rise of Finance and the Fall of American Business, the 'financialization' of banking, and of business in general, has hampered real growth and innovation while exacerbating