Financialization

The tendency to detach economic action from social contexts, the concentration on goals of profit and growth coupled with a simultaneous indifference to other goals.

Kocka, Jürgen. Capitalism: A Short History (p. 114). Princeton University Press. Kindle Edition.

This book does an excellent job of explaining this, and you should read it, if you are interested in the subject – which I think everyone should be.

This is one of the powerful forces that now drive our world – and we should be aware of it.

And not only that – it is entertaining reading.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s