Author Topic: Contradictions of Finance Capitalism  (Read 512 times)

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Offline ajax13

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Contradictions of Finance Capitalism
« on: January 17, 2016, 01:47:20 PM »
"Financialization has involved increasingly exotic forms of financial instruments and the growth of a shadow-banking system, off the balance sheets of the banks. The repeal of the Glass-Steagall Act in 1999 symbolized the almost complete deregulation of a financial sector that has become complex, opaque, and ungovernable."
http://monthlyreview.org/2011/12/01/contradictions-of-finance-capitalism/
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