Financialization has occupied the hearts and minds of global leaders and the US is the originator and the developer of this outright unethical instrument of loot and greed fulfilment. It has made the financial sector more important and take the central role in the nation at the expense of real production or manufacturing sector growth. It is a low employment sector and has usurped the high employment sector, it continues to do so even at this moment. It is the cause of rising income inequalities, social disparity, and unequal distribution of justice, opportunity and rights. It causes social unrest and criminal inclinations of the weak. The ramifications of financialization are immeasurable in extent. It has been credited with gifting too-big to fail banks and financial institutions that threatens to dethrone the real growth engine of the economy, the manufacturing sector. It is primary in its appeal and the government follows its conditions, for capital blackmails policy formation. Debt, which is just a loan amount, is converted into a product and sold as securities. It shall continue to replace the real economy heroes of production that register visible, sensible, gradual economic growth. Financialization retains its value only because its managers and actors keep telling ‘sincere lies’, for when barred of all tricks and tactics, financialization is the same old thing, airy nothing.
The above picture is a reminder to the capitalists and socialists, as it affects them both and the uninformed citizens. The share of manufacturing has declined to a great extent when at the same time the share of financialization of the economy has increased significantly.
This allows them to trade companies at much shorter interval than it took time for one to form a production company in the pre-capital market period. With such clout of financialization of organisations, it seems as if real production renders itself decreasing in value, and empty and hollow financial companies take the political, economic, and social role under its control. It has now become a monster that knows no bounds of its limits and is continuously fed by globalists and capitalists, who ignoring the long term hollowness establishment possibilities, continue to reap short run profits and pride themselves into flatulence.