Exploring the negative consequences of financialisation

Recent history has taught us how the transition from a productivity-based capitalism to a financial capitalism results in more instability, less equitability and a system turning its back on the redistribution of wealth. The FUSION project decrypted this transition and explored its consequences.

Attempts at reform have so far failed to reverse the trend: with each year that passes, economic growth is increasingly driven by financial markets. If anything, the 2007-2008 crisis was a nail in the coffin of the productivity economy: the lower and middle classes keep working more for less, and finance went from a tool used to provide capital for the production economy to an end in itself, where speculators can even make a living off public and private debt.

Further details: Exploring the negative consequences of financialisation