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There is also financialization that has been going for a while: https://en.wikipedia.org/wiki/Financialization https://en.wikipedia.org/wiki/Financialization
by miohtama 5y ago
There is also financialization that has been going for a while:
https://en.wikipedia.org/wiki/Financialization https://en.wikipedia.org/wiki/Financialization
Finance industry share going up vs. Real economy output, which could be cause or the consequence of high valuations.
- lumost 5y agoCould also be an artifact of a global economy based around the dollar. Quoting Asimov's description of Trantor in Foundation. > This enormous population was devoted almost entirely to the administrative necessities of Empire, and found themselves to be few for the complications of the task.