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Financialization is, in turn, just a product of the tendency of the rate of profit to fall (in industry). The flight to less-and-less real assets is driven by t
by NoGravitas 4y ago
Financialization is, in turn, just a product of the tendency of the rate of profit to fall (in industry). The flight to less-and-less real assets is driven by the effort to avoid having to face up to that fact of economics. This should also get you thinking about the function of cryptocurrencies, NFTs, and the metaverse.