- 17 Oct 2021 09:15
#15194687
Financialization (1980 to present) - Profiting without producing.
In the United States, the size of the financial sector as a percentage of gross domestic product (GDP) grew from 2.8% in 1950 to 22.3% in 2020.
Source: Statista, Percentage Added to U.S. GDP by Industry 2020
"All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia" Orwell
E l/r -10 : L/A -7.64
late wrote:Late Stage Capitalism
Financialization (1980 to present) - Profiting without producing.
In the United States, the size of the financial sector as a percentage of gross domestic product (GDP) grew from 2.8% in 1950 to 22.3% in 2020.
Source: Statista, Percentage Added to U.S. GDP by Industry 2020
"All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia" Orwell
E l/r -10 : L/A -7.64