What accounts for the dramatic rise of the financial sector in rich capitalist nations? How are lenders and associated institutions profiting off people’s use of credit cards, mortgages, and other forms of credit? Ivan Ascher sees certain parallels between the exploitation of workers in the era of factory production and the exploitation of people desperately seeking credit in today’s world.
Ivan Ascher, Portfolio Society: On the Capitalist Mode of Prediction Zone Books, 2016