the hallowed lefty phrase the financialization of the economy
is a fools canker
of course the capitalist system in its high corporate stage is steadily intensifying financialization
the latest phase :
securitization of more and more debt
that means the further objective socialization of debt
even as debt penetrates more deeply into every transaction
this is the full buy on credit not cash system
the evaporation of cash in the interstices of the transaction system
even the move from debit card to credit card ie zero deposit systems
this is the logical limit and inversion point of commodity production
to loathe it is
REACTIONARY
yes now its an asocial herd of wild horses
hey
once all horses were wild ...no ???
