Skip to main content

Financialization is when corporations neglect production capacity (shipping jobs overseas), and employee pay and benefits; for short term quarterly profits and stock buybacks. Their only concern is Wall Street vanity. Keeping a nice rising stock price. While the core business suffers. Neoliberal laissez faire Capitalism.

"General Electric was the largest public company in the world in the early 2000s, a mighty conglomerate spanning everything from nuclear power plants to credit cards and daytime TV, but it's now worth less than companies you've may have never heard of, like Becton Dickinson or Crown Castle International."  - Read a full report at Axios