1 Matching Annotations
- Jan 2024
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docdrop.org docdrop.org
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we're not in the economy of the 1950s anymore. And we act as though we are, that finance is this productive force and it's building, it's building wealth. Well, for the most part, it's not. It's, there's so much financialization, so many financial assets, that they've become an extractive force. And a big piece of this 00:06:37 is that we're not really distinguishing between productive investments and speculative investments
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for: quote - Marjorie Kelly, quote - finacialization, progress trap - financialization, progress trap - capitalism, speculative investing
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quote: Marjorie Kelly
- we're not in the economy of the 1950s anymore.
- And we act as though we are, that finance is this productive force and it's building, it's building wealth.
- Well, for the most part, it's not.
- There's so much financialization, so many financial assets, that they've become an extractive force.
- And a big piece of this is that we're not really distinguishing between
- productive investments and
- speculative investments
- And a big piece of this is that we're not really distinguishing between
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