Tag: tony norfield

Finance, Economics and Politics

by Tony Norfield The financial system accentuates all the absurdities of capitalism, but it does this in a way that can make finance appear to be separate from the capitalist economy, rather than an inevitable outgrowth from it. Almost every observer of capitalism makes a distinction between the ‘real’ and the ‘financial’ economy. Even those who would claim to be anti-capitalist often advocate policies to save the capitalist economy from the vagaries of disruptive financial markets. A division between a ‘real’ and a ‘financial’ economy can seem to make sense, especially given the extravagant rewards of financiers who seem

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