Profiting Without Producing Quotes

“Financialization is neither finance-nor enterprise-driven; rather, it emerges due to the spontaneous interactions among non-financial enterprises, banks and households. These interactions occur within an institutional context influenced by state policymaking, resulting in systemic change that reflects the peculiarities of each country.”
― Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All

“Financialization is neither finance-nor enterprise-driven; rather, it emerges due to the spontaneous interactions among non-financial enterprises, banks and households.”
― Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All

“The systematic extraction of financial profits out of the revenue of workers and other social layers constitutes a new set of relations that has been called financial expropriation.”
― Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All

“Banks moved toward mediating in open markets to earn fees, commissions, and profits from trading...the transformation of banks has been in line with the enormous growth of open financial markets in recent decades, fostered by state legislation.”
― Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All

“Financialization has indeed been characterized by rapid growth of circulation compared to production, but this asymmetry is the outcome of ‘financialized’ interactions among the fundamental agents of the capitalist economy.

(Page 58).”
― Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All