Part of the globalized economy involves financial capital,a sector that has grown faster than production and trade and is based largely on speculation.What label has been given to the rise of financial capital?
A) global capitalism
B) commodification
C) neoliberalism
D) casino capitalism

Question

Quizplus · Accepted Answer

The label given to the rise of financial capital is "casino capitalism," which suggests that it is based on risky speculation rather than productive investment. This term is often used to criticize the excesses of financialization and the negative impacts it can have on economies, particularly in times of crisis.

Part of the Globalized Economy Involves Financial Capital,a Sector That