Financialization — The Democracy Collaborative
Financialization of the Economy: o An increased focus on financial markets and instruments allowed capital owners to generate significant wealth through investments, often outpacing wage growth.
kaustubhs • Shift_from_Capital_to_Labor
Labor’s share of income is declining across countries; in the US, it fell from >63% in 2000 to <57% today. COVID accelerated this dislocation between labor and capital. The further the disconnect between labor and capital, the more resentment we see between them. GameStop was the greatest invasion of labor into capital since the Peasants’ Revolt –... See more
John Luttig • Finance as culture
The lack of granularity and legibility means that all those little fractions of a cent, over billions of people, accrue to the center. And the center invests, turning those cents into dollars. That’s great, that’s the trade we’ve had no choice but to accept, and it’s exactly what companies are supposed to do.