Thursday , October 6 2022
Home / Thomas Palley: Economics for Democratic and Open Societies / Financialization revisited: the economics and political economy of the vampire squid economy

Financialization revisited: the economics and political economy of the vampire squid economy

Summary:
This paper explores the economics and political economy of financialization using Matt Taibbi’s vampire squid metaphor to characterize it. The paper makes five innovations. First, it focuses on the mechanics of the “vampire squid” process whereby financialization rotates through the economy loading sector balance sheets with debt. Second, it identifies the critical role of government ...

Topics:
tom considers the following as important: , , ,

This could be interesting, too:

WARREN MOSLER writes CB gold purchases, heavy trucks, total vehicle sales, mortgage purchase applications, new homes under construction

WARREN MOSLER writes Job openings, hires, Manufacturers orders, real estate lending

Dan Crawford writes Open thread Oct. 3, 2022

Lars Pålsson Syll writes The price of economics

This paper explores the economics and political economy of financialization using Matt Taibbi’s vampire squid metaphor to characterize it. The paper makes five innovations. First, it focuses on the mechanics of the “vampire squid” process whereby financialization rotates through the economy loading sector balance sheets with debt. Second, it identifies the critical role of government […]
About tom

Leave a Reply

Your email address will not be published. Required fields are marked *