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Where presidents or members of affluent families were previously seen, it is increasingly the case that car manufacturers are owned by banks and investment funds which have taken control of the entire economic life of these firms. This has significant impact on the terms of employment and layoffs, wages and precarious work, growing inequalities in income strata, compensation levels for executives, and the implementation of short-termist strategies across business operations.

This book explores this increasing financialisation – the predominance of the financial sector over the productive...

The economic process of financialization is defined by many as the development of the dependence and subordination of the productive sector to the financial sector.