Financialization debunked as 'sixth countertendency' to falling profit rates
Marxian economics examines financialization and its impact on profitability. Some argue financialization acts as a counterforce to the Law of the Tendency of the Rate of Profit to Fall. However, a new perspective suggests that financialization actually leads to a more uniform rate of profit across sectors, rather than causing a decline in profitability. This is based on factors like how companies raise funds and calculate profits, as well as the composition of capital in different industries.