Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Professor McDonough cited the American economist, Gerald Epstein, who has examined the increasing importance of financial markets, financial motives, financial institutions and financial elites in the operation of the economy and its governing institutions at national and international levels. Why were there such significant levels of financialisation and such massive funds sloshing around the financial markets rather than those funds going into productive investment, infrastructure and job creation in a context of mass unemployment in many parts of the world?