Financial Services Industry

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


  • 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.
  • If the growth of finance capital continues, several historical cased all ended up in collapse. This is a thing: called Financialization
  • It is also instructive to read about Finance Capitalism as opposed to liberal capitalism.