A Better Account of the Decline of the Productivity of Manufacturing

There's a natural process of economic development under capitalism in which manufacturing becomes less important over time. The productive process is shedding workers and so you know you sort of would expect to see that to some degree what's happened with the rise of finance. I think it is true that there was a lot of money to be made there and that's why money went into that sector, but we have to go beyond speculation on financialization. A huge amount of our financial system is not just sort of a engine of inequality but also a completely socially unnecessary and even destructive system of casinos.