Why Financialization Has Run Amok


BOOK REVIEW

Financialization and the US Economy, Author: Ozgur Orhangazi.

By Steve Denning – Finance is “so powerful that it dominates how an entire society thinks about itself.”

In effect, the managers no longer know what’s wrong.

Throughout history, periods of excessive financialization have often coincided with periods of national economic setbacks, such as Spain in the 14th century, the Netherlands in the late 18th century, and Britain in the late 19th and early 20th centuries. The focus by elites on “making money out of money” rather than making real goods and services has led to wealth for the few, and overall national economic decline. more> http://t.co/7w7FV0uwNX

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One response to “Why Financialization Has Run Amok

  1. I went and read a half dozen of Denning’s columns at Forbes. I owe you a debt of gratitude for leading me there. Amazing writing! I blog at Pilant’s Business Ethics. jp

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