Sweden has recently been relatively quick to adopt neoliberal policies, such as privatization, financialization and deregulation, compared to countries such as France. |
The primary complaint leveled against the financialization of economies is that much of this activity is geared towards rent seeking. |
Historians observe that financialization is a typical indicator of economic decline. |
What has gone relatively unremarked by economists is how financialization of the economy has transformed the idea of saving. |
Too much financialization of the economy has occured at the expense of the real productive sector. |
It was only in the nineteenth century that industrialization and financialization produced the liquidity we now take for granted. |