The Financialization of the Economy


The Trouble with Markets: Saving Capitalism from Itself, Author: Roger Bootle.

By John Mauldin – Roger Bootle once wrote:

“The whole of economic life is a mixture of creative and distributive activities. Some of what we “earn” derives from what is created out of nothing and adds to the total available for all to enjoy. But some of it merely takes what would otherwise be available to others and therefore comes at their expense.

Successful societies maximise the creative and minimise the distributive. Societies where everyone can achieve gains only at the expense of others are by definition impoverished. They are also usually intensely violent …

Much of what goes on in financial markets belongs at the distributive end.” more>

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