1 thought on “How Financialization is Starving Manufacturing”
bernyvasia
What explains the current slowdown, and does it differ from that of the 1930s? Consistent with Keynes and Kalecki, the financial sector usually gets the blame for lower aggregate demand because it is a great engine of income inequality and drains investment funds from non-financial firms.
What explains the current slowdown, and does it differ from that of the 1930s? Consistent with Keynes and Kalecki, the financial sector usually gets the blame for lower aggregate demand because it is a great engine of income inequality and drains investment funds from non-financial firms.