<!– /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:””; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Times New Roman”; mso-fareast-font-family:”Times New Roman”;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} –>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”;
mso-ansi-language:#0400;
mso-fareast-language:#0400;
mso-bidi-language:#0400;}
“Financial: A primer” helped me understand what financialization is and this will help me in my paper. The author Ramaa Vasudevan states “You don’t have to be investor dabbling in the stock market to feel the power of finance” this tells me how finance applies to daily life. From the article I learned that financialization is changing the value of finance.
I think changing the value includes from income to some tradable like a bond or stock. The article also speaks of the dynamics of how corporations use stock and bonds freely. Finance is compared to a casino. Everyone places bets.
The casino comparison makes me remember about the use of futures and derivatives which was discussed in class. It is so funny that people are betting on something that is not so tangibles. I also believe this happens because it is very quick money. It has a huge outcome.
This affects the average American. The use of credit cards is also discussed. The credit cards allow people to think they have actual money like an asset but it is an actual loan. People forget that and get into trouble with debt. This is an example financialization.
Dhanha Bien-Aime
