I recently read an excellent short book on this topic, titled “Capitalizing in crisis” [1] in which the author traces the path that lead to today’s situation where a large portion of profit across all companies in the US is through financial activities.
It’s an excellent read, albeit repetitive at times.
It’s an excellent read, albeit repetitive at times.
[1] https://www.hup.harvard.edu/catalog.php?isbn=9780674066199