It is really strange that, while there is a heated discussion on liberalisation, neoliberalism, privatisation, etc., the most important dimension of globalisation—financialisation—is almost completely ignored. Why this is done is a mystery. The recent global crisis given rise by sub-prime mortgages in America has underlined that, without looking into the history of the rise and proliferation of financialisation, it is difficult to understand the crisis and its implications.
Fiinancialisation has broken the link between wages and industrial productivity and forged a new one between executive salaries and share price.
Mishra, G., Finanzialization in Globalized World, 2007
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