Financialization and the US Economy, Author: Ozgur Orhangazi.
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