Quote:
Originally Posted by Greedy,Greedy,Greedy
I really liked the article, but I seem to have introduced you to a new religion.
I do hope everyone here reads it. It's damn good.
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I have worshiped at the altar of the Church of Less Financialization for nearly a decade now. A lot of my criticisms of the "corporate" are actually more criticisms of financialization. Over the past 40 years, these things have become almost one in the same.
I grew up among bankers. My father worked in banking for 30 years. The fiinancialization of today is not useful capital allocation. It's a mix of flipping, predation, rent seeking, etc. It's a casino. I could rant about the endless ways it has harmed society, but that article and its links makes the point so concisely, all I'll need to do now is send the link.
I've already sent it to a bunch of people I know who work in speculative finance. The reply will be crickets, I'm sure.
On a similar note:
https://www.amazon.com/Transaction-M.../dp/0374277885
