Financialization Essays

The Financialization of US Politics: Özge Taylan* We have heard a lot of talk and discussions about campaign finance and the effect of money in US politics in specific elections since the last few elections. The financialization of the American economy and politics has in rapid increase, which has repercussion on elections. Does money actually influence elections? The answer is Yes, then, how does financialization, which is an increasing trend in the world in general, echoes in US politics especially

The main purposes of financialization are to make the financial sector more economically powerful than the real sector, to take money from the real sector and give it to the financial sector, to make income inequality greater, and to increase wage stagnation. Other possible financialization risks are debt-deflation and recession prolongment. In order to prevent financialization, the government must regain policy control over the market, force corporate

Ezgi Kaşkaval 1655893 ADM5104 STATE AND SOCIETY IN EUROPE TAKE-HOME FINAL EXAM 2.What is the relationship between financialization of housing provision and squatting? Is it possible o claim that squatting is a part of "right to the city" or commons movements? Introduction In today's world the concept of urban and activities with regard to its usage have become more and more attention grabing topic for both academic world and everyday life. As a part of this urbanization process, housing issue

Capitalism is a hegemonic global economic and social order that increasingly displays a fatal contradiction between reality and reason, where it threatens not only human welfare but also the continuation of most sensitive forms of life on the planet. Three critical crises make up the contemporary world condition originating from capitalist development: (1) the emergence of global imperial instability associated with shifting world hegemony and the struggle for resources; (2) the Great Financial Crisis

Krippner believes that the background to the financial crisis 2008 was the financialization of the U.S. economy partially brought about the reaction of political policy makers to the triple crises of the U.S. society that began in the mid 1970’s (the social crisis, the fiscal crisis and the legitimation crisis). However, Streeck believe that going through the period of the financial crisis of 2008 the U.S. and European states have gone from being from being tax states to debt states and following

Most people are lucky enough to have a job that supports them and their family, a roof over their head and food on the table. In Canada approximately 235 000 people don’t have any of those things, that's more than 1% of Canada's population and that number continues to rise along with the length of time they spend homeless. Homelessness affects many Canadians, though some population groups are more at risk of becoming homeless than others, including single adult men, people dealing with mental health

good. Although business leaders are obviously able to create a large positive impact on society, they can also cause many harms if their businesses or markets were to fail. Different factors such as globalization, communication technologies, and financialization are able to produce numerous issues and pressures that interfere with serving the common good. An important aspect to take away from this

structures are unsustainable and will inevitably lead to collapse (Jensen, 2013). This approach can be directly used when looking at the housing crisis in America, where the current housing system is unsustainable and requires radical change. The financialization of housing is a primary cause of the housing crisis. After the Great Recession in 2008, many investors saw an opportunity to profit from the houses that were foreclosed. These investors began to purchase the homes that had recently been foreclosed

those who had major investments in the market. That left the individuals who were relying on wages and salaries behind and made it more difficult for them to ever get ahead. This uneven distribution of wealth and benefits has been called the “financialization” of the American economy. During this time the wealthiest one-fifth of Americans, who usually owned the most stock, had a 14 % increase in income. The poorest one-fifth, who usually owned no stock, had a 24% decline in income and the middle three-fifths

BIG BUSINESSES FROM REGULATED CAPITALISM TO NEOLIBERALISM Big businesses caused also shift from regulated capitalism to neoliberalisim. They played huge role for that. Before big businesses influenced from regulated capitalism negatively, they did not have strong political idea. They supported regulated capitalism because of fear that Great Depression’s return. They thought that government stabilize the economy. The regulated system worked well till 1966, but then lots of problems emerged. The cost

possession of services and objects and while the primary form of exploitation is wage labour. Bourgeoisie the ruling class, exploits the proletariat. Capitalism is a process whereby "making money", becomes the dominant industry. Consumerism and financialization practices are a means to sustain the accumulation and flow of capital. The socialist mode of production that emerges when the accumulation of capital is no longer sustainable due to falling rates of profit in real production, and social conflict

the sheer impossibility of the eradication of finance crimes (Friedrichs, 2016). Not only is finance crime practically impossible to stop, but it is also detrimental to the populations where it is practiced. Friedrichs (2016) coined the term “financialization” to define the motivations of the modern, self-serving financial sector which places its own greed above the needs of the general population and the economy in which it exists (Friedrichs, 2016). This subset of white-collar crime is unique in

“As the wealthy earned more, someone else in America had to get less” (CNN), income inequality in America has truly gotten out of hand, the rich has recovered and has grown in wealth, while the bottom half of society are suffering and barely making ends meet. The gap between the two is tremendously an issue that affects all Americans, “top 1% adults earned on average 27 times more than bottom 50% adults, while they earn 81 times more today” (CNN). Many political officials have come up with solutions

28. Banks are profit-seeking, risk-taking financial institutions. One’s money is at risk except for the insured amount. Therefore, they should not have the power to create money, but to only distribute it. 29. Monetary reform will reduce the financialization of the American economic system. This means the economy is stimulated by the shift from making things to the manipulation of money, which involves: derivatives, mergers and acquisitions, venture capitalism, leverage buyouts, workouts and turnarounds