The process of an economy shifting its optimizations from productive activity to the accumulation of money is called “financialization”. To add more confusion to the mix, people on the left-end (idiot-end) of the Midwit Curve can tell something is badly wrong and the game is being rigged, but can’t tell what forces are conspiring to […]
Tag: Chinese junk bonds
Economics: Advent of the Generic CEO
“Financialization”, a process characterized by stakeholders in a business activity mixing up the metric of success (money) with metrics of performance (operational standards), has manifested some bizarre outcomes over the last few decades. These effects have come to dominate the economic landscape as money has become less and less representative of reality and government involvement […]