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Other Aspects of Financialization

In: Finance: Servant or Deceiver?

Author

Listed:
  • Paul H. Dembinski

Abstract

Any loan that does not finance investment provides a link between the time when a good bought on credit is enjoyed and the time when it is paid for. The counterpart is the user’s obligation to pay the interest. The untimely need or wish that leads buyers to incur debt has three major advantages for sellers/creditors: they are able to sell goods, to maintain cash flow while the loan is outstanding, and sometimes to earn a substantial commission. Sale on credit, and consumer credit in general, are all part of this ‘consume now, pay later’ mentality.

Suggested Citation

  • Paul H. Dembinski, 2009. "Other Aspects of Financialization," Palgrave Macmillan Books, in: Finance: Servant or Deceiver?, chapter 3, pages 132-137, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59505-7_10
    DOI: 10.1057/9780230595057_10
    as

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