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Divested – Inequality in Financialized America - Oxford Scholarship Online
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Divested: Inequality in Financialized America

Ken-Hou Lin and Megan Tobias Neely

Abstract

Finance is an inescapable part of American life. From how one pursues an education, buys a home, runs a business, or saves for retirement, finance orders the lives of ordinary Americans. And as finance continues to expand, inequality soars. This book demonstrates why widening inequality cannot be understood without examining the rise of finance. The growth of the financial sector has dramatically transformed the American economy by redistributing resources from workers and families into the hands of owners, executives, and financial professionals. The average American is now divested from a wo ... More

Keywords: finance, inequality, financial sector, American economy, financial profit, financial product, financial service

Bibliographic Information

Print publication date: 2020 Print ISBN-13: 9780190638313
Published to Oxford Scholarship Online: February 2020 DOI:10.1093/oso/9780190638313.001.0001

Authors

Affiliations are at time of print publication.

Ken-Hou Lin, author
Associate Professor of Sociology, University of Texas at Austin

Megan Tobias Neely, author
Postdoctoral Fellow, Stanford University