Financial Services Industry: Difference between revisions
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(Created page with "=Figures= *7% of US GDP - [https://www.selectusa.gov/financial-services-industry-united-states#:~:text=Overview,of%20U.S.%20gross%20domestic%20product.] *20% of US GDP - [htt...") |
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Revision as of 16:14, 3 July 2020
Figures
Analysis
- Simplistic analysis - If 20% of US GDP - then 1 in 5 people work in the financial industry? If not, then there is concentration of capital.
- One must remember that the reason why financial services are huge - is the unbridled productivity of modern machines, such as 500hp tractors and 450 ton dumptrucks costing $6M.
- Financial services are not completely out of control - not like they are as large or larger than the rest of the economy.