They can also, in part or in whole, transfer their search for capital from the
production (and even the commercial) sphere, and concentrate on profits in the financial sector. Today we speak of such “financialization” as though it
were an invention of the 1970s. But it is actually a very long-standing practice in all Kondratieff B-phases. As Braudel has shown, the truly successful capitalists have always been those who reject “specialization” in industry, commerce, or finance, preferring to be generalists who move between these processes as opportunities dictate.