FINANCIALIZATION : THE LYNCHPIN OF THE SYSTEMIC CATASTROPHE

Author Name : Simranjeet Kaur Dhir
Volume : II, Issue :VI,February - 2017
Published on : 2017-02-20 , By : IRJI Publication

Abstract :

This paper attempts to present, through a theoretical framework, as to how the deepening process of finance is penetrating the whole realm of human life and social institutions in a catastrophic direction. It will portray the nature of omnipresent-expanding finance along with its soft bellies and the possible direction to limit its undesirable consequences. The world for the past couple of years has seen the acme and also the nadir of the global socio-political, economic, and environmental phenomena. Since the apocalyptic 2008 crisis, people from all walks of life have seen the power of finance affecting their apparently “financially safe” lives.