This book argues that finance is reshaping the economy in three ways: First, financialization has created too many financial intermediaries - a variety of financial products do not contribute to economic value, they are merely tools for financial institutions to extract resources. Second, companies are increasingly investing resources in areas such as investment, reducing investment in core businesses, which in turn weakens companies' demand for labor and causes employment difficulties for ordinary workers. Third, financialization has weakened the organizations that share risks in the original social structure. The employment guarantees, retirement benefits, medical care and other guarantees that were originally borne by trade unions, large enterprises and the government are increasingly transferred to families, resulting in people being able to obtain these guarantees only through market-based financial services.
本书认为, 金融正以三种方式重塑经济: 第一, 金融化创造了过多的金融中介--各式各样的金融产品并未贡献经济价值, 它们仅仅是金融业者榨取资源的工具。第二, 企业越来越多地将资源投入在投资等领域, 减少在核心业务上的投资, 进而削弱了企业对劳动力的需求, 造成普通劳动者就业困难。第三, 金融化削弱了原来社会结构中共同承担风险的组织。本来由工会、大型企业、政府承担的就业保证、退休福利、医疗等保障越来越多地转移到家庭身上, 导致人们只能通过市场化的金融服务获得这些保障。
本书认为, 金融正以三种方式重塑经济: 第一, 金融化创造了过多的金融中介--各式各样的金融产品并未贡献经济价值, 它们仅仅是金融业者榨取资源的工具。第二, 企业越来越多地将资源投入在投资等领域, 减少在核心业务上的投资, 进而削弱了企业对劳动力的需求, 造成普通劳动者就业困难。第三, 金融化削弱了原来社会结构中共同承担风险的组织。本来由工会、大型企业、政府承担的就业保证、退休福利、医疗等保障越来越多地转移到家庭身上, 导致人们只能通过市场化的金融服务获得这些保障。
