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Capitalists can choose to make profit either in the real sector or in the financial sector. How can we define these two sectors? Carefully explain
Capitalists can choose to make profit either in the real sector or in the financial sector. How can we define these two sectors? Carefully explain the impacts of financialization on the economy, such as the prevalence of rent extraction, inescapable debt cycles, and economic instability. For at least the last 3 decades, which sector of the economy have capitalists been disproportionately choosing to make profits in? Why? How might this have an impact on inequality and the ability of the economy to provide jobs (especially high paying jobs) for workers
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