"Financialization — and, we might add, inequality, rentierism, and countless other maladies — are not corruptions of capitalist development, but debris thrown off by its whirlwind logic."
#financialization #economics
https://jacobin.com/2021/12/financialization-city-london-margaret-thatcher-england
Financialization Was a Response to Capitalism’s Failings
Popular critiques of financial deregulation often blame the City of London’s excessive political influence. But financialization wasn’t imposed on capitalism by elite plotting — it was a political response to its inherent crisis tendencies.
/brúno antúnɛs/