The Impact of Financialization on US Companies and the Economy

This chapter discusses the shift from industrial capitalism to finance capitalism and the role of Wall Street in this transformation. It explores the impact of financialization on US companies, the tax system's encouragement of stock buybacks and dividends over investment, and the concentration of wealth among the top earners. It also examines the cost of maintaining the dollar as the world's currency and the deregulation of the financial sector.