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What is ‘financialisation’?
Financial capital used to take a back seat to manufacturing. Today the rich get rich by selling credit and debt, says the MARX MEMORIAL LIBRARY
A trader at the New York Stock Exchange

FINANCIALISATION is the process whereby global financial institutions increasingly dominate our planet — the economy, society, the environment and our daily lives.

Financialisation is a shift in the composition of capital and in the way that capitalists accumulate wealth.

Following Britain’s industrial revolution in the late 18th century the principal source of profit — and the driver of capitalism — became the mass production and sale of goods — physical commodities.

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