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This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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the process whereby the financial industry becomes more prominent


It is then that the systemic cycle of accumulation enters into its ‘financial’ phase. This phase corresponds to what we above called ‘financialization’ – that is, capital’s tendency as a result of the fall in profit rates to take refuge in the financial sphere and speculation.

—p.153 Capitalisms Old and New (139) by Gregory Elliott, Razmig Keucheyan
notable
6 years, 6 months ago