What is financialization Krippner?
Krippner argues that state policies that created conditions conducive to financialization allowed the state to avoid a series of economic, social, and political dilemmas that confronted policymakers as postwar prosperity stalled beginning in the late 1960s and 1970s.
What does financialization means?
Financialization refers to the increase in size and importance of a country’s financial sector relative to its overall economy. Financialization has occurred as countries have shifted away from industrial capitalism.
Is Financialised a word?
Simple past tense and past participle of financialise.
When did financialization begin?
We identify four phases of financialization: the first, from the 1900s to 1933 (early financialization); the second, from 1933 to 1940 (transitory phase); the third, between 1945 and 1973 (definancialization); and the fourth period begins in the early 1970s and leads to the Great Recession (complex financialization).
How does financialization affect the functioning of the economy?
Profits flow increasingly from financial investments, rather than trade in goods and services. The functioning of the economy is no longer evaluated in terms of the production of employment or rising standards of living, but by the movements of the stock market, the realization of shareholder value,
How is financialization a process of income redistribution?
We focus on financialization as a process of income redistribution with two faces. The first face is one of rent seeking by an increasingly concentrated and politically influential finance sector. This rent seeking has been successful, leading to the pooling ofprofits and income in the finance sector. The second face is a
How is the United States becoming a financialized economy?
The U.S. is now a financialized economy, where the financial sector and its priorities have become increasingly dominant in all aspects of the economy. We focus on financialization as a process of income redistribution with two faces. The first face is one of rent