Financial Services Industry

From Open Source Ecology
Revision as of 16:14, 3 July 2020 by Marcin (talk | contribs) (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...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Figures

  • 7% of US GDP - [1]
  • 20% of US GDP - [2]

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.
Retrieved from "https://wiki.opensourceecology.org/index.php?title=Financial_Services_Industry&oldid=226810"