The alleged disconnection of the financial sector from the real economy. The word is used in a derogatory and accusatory sense, especially in political science and the media. – Unfortunately, in no other industrialized country are the advantages of the modern monetary system – from a stable currency to the provision of capital for business start-ups to products for risk provision and old-age security – as suspect to a broad public as they are in Germany. What remains unfathomable to most citizens is the performance of the financial market: namely, to direct scarce resources to the most favorable allocation of scarce resources via money. Most of the media, however, limit themselves to broadly highlighting aberrations in individual cases with the aim of obtaining high ratings. This reinforces the impression among the general population that the financial sector is dangerous. – See decoupling thesis, financial sodomite, financial terrorist, shitstorm.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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