The Money Game – ZMAN on Financialization of the Economy / Myth of the 20th Century / 2020-07-31
Update: 2025-12-09
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In 1880, the financial sector’s share of US GDP was slightly over 1%. By 2009, however, it had grown close to 10%. Including the related industries of insurance and real estate, that share swells to 21% in 2019, making it the single largest segment of the American economy, followed by trade and tr....
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