400 years of equity markets shaping global economy: financialization's lasting impact.
The article explores how equity markets, where people trade shares of company profits, have shaped the global economy for 400 years. It looks at how these markets started in Amsterdam in 1602 and became a key part of capitalism. Despite their ups and downs, equity markets have become more important in recent times. The article questions why this happened and how it has affected different economies. It also suggests ways to reduce the influence of finance on the economy.