A post-1971 force shifted capitalist power from industry to finance.

Evidence

Something that helped the gambler’s madness infect Wall Street, magnifying greed in the process, generating these mad numbers. Whatever that something was, it must have been substantial, judging by its earth-shattering consequence: it shifted capitalist power from the economic sphere – i.e. from industry and commerce – to the financial sphere, the world of the bankers. What was it? — Yanis Varoufakis, Technofeudalism, 184

Categorization

• XREF: connects to: The postwar global design produced capitalism’s decades-long Golden Age until 1971. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 169; Financialization shifted corporate power from manufacturing and marketing executives toward financial executives. — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 21; The US economy became increasingly financialized in the post-1970s period. — Greta R. Krippner, The Financialization of the American…, 5 (+4 more)

Broader Connections

• Financialization shifted corporate power from manufacturing and marketing executives toward financial executives. #expands (0.95) — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 21
• The US economy became increasingly financialized in the post-1970s period. #expands (0.85) — Greta R. Krippner, The Financialization of the American…, 5
• Post-1971 financialization and the creativity discourse rose in tandem as allied forces #expands (0.80) — Max Haiven, Cultures of Financialization, 50
• US financialization emerged from state responses to 1970s governance crises. #expands (0.80) — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 32
• 1970s crises moved business elites to prioritize capital liquidity over employment stability #expands (0.80) — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 39
• The shift to finance capitalism is nonlinear, not a clean rupture #qualifies (0.75)