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  • Beware financialization, attractive and dangerous, but mostly dangerous
    Tomaskovic-Devey, Donald, 1957-
    One of the central projects of neoliberalism has been the financialization of the global economy. Financialization refers to both the rising political and economic power of financial service firms ... and the growing importance of financial, rather than production, strategies in the rest of the economy. In the US case at least, financialization also accompanied a shift from values associated with employment and production to a normative elevation of financial investment. In the US the financialization dimension of neoliberalism has increased national and global systemic risk, increased income inequality between sectors of the economy, capital and labor and among classes of workers, and at the same time has led to decreased employment and a less productive economy. The lesson is that, despite the surface attractiveness of globalized finance, financialization is a particular dangerous dimension of neoliberal politics and policy.
    Source: Teorija in praksa : revija za družbena vprašanja. - ISSN 0040-3598 (Letn. 52, št. 3, maj-jun. 2015, str. 382-393, 564)
    Type of material - article, component part
    Publish date - 2015
    Language - english
    COBISS.SI-ID - 33414749

    Link(s):

    http://dk.fdv.uni-lj.si/db/pdfs/TiP2015_3_Tomaskovic-Devey.pdf
    Repository of the University of Ljubljana – RUL
    Digitalna knjižnica Slovenije - dLib.si

source: Teorija in praksa : revija za družbena vprašanja. - ISSN 0040-3598 (Letn. 52, št. 3, maj-jun. 2015, str. 382-393, 564)
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