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Unformatted text preview: -Shift into financial forms of profit making-Best and brightest going into financial sector, instead of other jobs-Speculative accumulation (M-M)-Like a Casino Everyday Financialization-You can be an investor-In the past it was a profession, you trained to be on Wall Street-Everyone is expected to be a good investor of his or her savings-Debt-Pensions:-Pay-go (government)-Pay out benefits from current revenues coming in-Pre-funded (private sector)-Set aside your own money-Pooled and invested into Mutual Funds-Two types-Defined Benefit Plans (Fixed what youre going to get)-Defined Contribution Plans (What you get when you retire is totally open)...
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- Spring '08