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Financialization requires the money to be used "productively" instead of sitting in reserves waiting. Everyone wants a higher stock price and/or dividends inste
by caseysoftware 7y ago
Financialization requires the money to be used "productively" instead of sitting in reserves waiting. Everyone wants a higher stock price and/or dividends instead of long term stability. I recently came across a saying that summed it up well:
"MBAs think companies make money. Companies make shoes."
When you abstract the details away again and again and again, eventually you forget that the details exist and matter.