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I think the parent is referring to heavy financialisation of the economy in the West. As we've recently seen, such economy can grow quite unconstrained by the m
by dagenleg 2mo ago
I think the parent is referring to heavy financialisation of the economy in the West. As we've recently seen, such economy can grow quite unconstrained by the material concerns such as factories, energy or workers.
- derriz 2mo agoI’m not sure I understand? Financial services and insurance make up about 8% of US economy and 5% of that in Europe. I’ve seen no signs that these sectors or the economies they’re part of are growing in an unconstrained way?