Fornits

General Interest => Feed Your Head => Topic started by: ajax13 on January 17, 2016, 01:47:20 PM

Title: Contradictions of Finance Capitalism
Post by: ajax13 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/ (http://monthlyreview.org/2011/12/01/contradictions-of-finance-capitalism/)