cross-posted from: https://lemmygrad.ml/post/3264448
Lenin in Imperialism talks about the emergence of finance capital as the major driver of imperial conquests. These days we have seen trends of “financialisation” of western economies coupled with deindustrialisation.
I guess what confuses me is why this trend towards financialisation a thing where you cede real material industrial power in favour of large banks.
Not replying to the comments directly because phone but I am really thankful for each and every response. Extremely helpful.