Financialization is a term used to describe the development of financial capitalism during the period from 1980 to present, in which debt-to-equity ratios increased and financial services accounted for an increasing share of national income relative to other sectors.

In other words, we quit making things except currency (and weapons to enforce global USD use). We sent our industrial economy to China and the third world, hollowing out labor and the middle class in the process. Profits became god, people pawns...and the rich became obscenely rich and completed the purchase of the government lock, stock, and barrel.