Financialization is more rapid when interested sectors are more active in politics and unions and the Democratic Party are weaker

Witko, Christopher (2015) Financialization is more rapid when interested sectors are more active in politics and unions and the Democratic Party are weaker. USApp – American Politics and Policy Blog (23 Jan 2015). Website.

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Abstract

The past three decades have seen a rapid increase in the financialization of the American economy, with the financial sector growing in importance to the economy. In new research, Christopher Witko finds that this growth in financialization was not a ‘natural’ economic development, but a consequence of public policy choices that occur when large firms in the FIRE (finance, insurance and real estate) sector are active in politics, and the Democratic Party and unions are not as strong.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/usappblog/
Additional Information:	© 2015 The Authors, USApp – American Politics and Policy Blog, The London School of Economics and Political Science.
Divisions:	LSE
Subjects:	J Political Science > JK Political institutions (United States)
Date Deposited:	06 Feb 2015 15:19
Last Modified:	13 Sep 2024 23:46
URI:	http://eprints.lse.ac.uk/id/eprint/60874

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