Financialization Quotes & Sayings

In the major state capitalists economies, Europe and the US, it's low growth and stagnation and a very sharp income differentiation a shift - a striking shift - from production to financialization. — Noam Chomsky

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. — Nassim Nicholas Taleb

The US and Europe are committing suicide in different ways. In Europe it's austerity in the midst of recession and that's guaranteed to be a disaster. There's some resistance to that now. In the US, it's essentially off-shoring production and financialization and getting rid of superfluous population through incarceration. — Noam Chomsky

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. — Noam Chomsky

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

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