Quotes About Financialization

A critique of bureaucracy fit for the times would have to show how all these threads—financialization, violence, technology, the fusion of public and private—knit together into a single, self-sustaining web.

We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.

There are three dominant tendencies in a neoliberal society: financialized, privatized, militarized. And when it comes to black poor people, we get all three.

Neoliberalism is hard to define. It could refer to intensified resource extraction, financialization, austerity, or something more ephemeral - a way of life - in which collective ideals of citizenship give way to marketized individualism and consumerism.

From the 1970s, there has been a significant change in the U.S. economy, as planners, private and state, shifted it toward financialization and the offshoring of production, driven in part by the declining rate of profit in domestic manufacturing.

The United States tax system today is very prejudiced towards financialization, leverage, and lack of investment.

Marx and Lenin were ahead of their time. Marx wrote before offshoring of jobs and the financialization of the economy. Lenin presided over a communist revolution that jumped the gun by taking place in a country in which feudal elements still predominated over capitalism.

We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.

In all this, financialization has done what people back in the 1950s and '60s and '70s worried and warned that the Communists would do if they took over: centralize control of the economy, turn Americans into interchangeable cogs serving an inhumane system, and allow only a well-connected elite to live well. Extreme capitalism resembles Communism: yet another whopping irony.

In all this, financialization has done what people back in the 1950s and '60s and '70s worried and warned that the Communists would do if they took over: centralize control of the economy, turn Americans into interchangeable cogs serving an inhumane system, and allow only a well-connected elite to live well. Extreme Capitalism resembles Communism: yet another whopping irony.

The Democratic Party and even the Democratic Left are not going to tell people, 'Look, your problem is that, back in the 1970s, we took part in a major process of the financialization of the economy and the hollowing out of the productive system. So your wages and incomes have stagnated for thirty years, while that wealth is produced in a very few pockets. Those are our policies.' They're not going to tell them that. No, there is no real Left now.

Neoliberalization has meant ,in short,the financialization of everything.There was unquestionably a power shift away from production to the world of finance.

Financialization is the major dynamic polarizing today's economies. Its aim is to appropriate the means of production and rent-extracting privileges for a creditor class to load labor, industry, agriculture and governments down with debt. Employment, wages and capital investment cannot recover as long as the resulting debt overhead is left in place.

Indeed, warfare became financialized long before industry or real estate.