Financialization — The Democracy Collaborative
Financialization – the diversion of financial flows away from production and consumption towards asset markets in pursuit of capital gains
About 1 — 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