Other Aspects of Financialization

Paul H. Dembinski

Chapter 2.6 in Finance: Servant or Deceiver?, 2009, pp 132-137 from Palgrave Macmillan

Abstract: 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.

Keywords: Capital Gain; Intangible Asset; Consumer Credit; Existential Anxiety; Credit Supplier (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1057/9780230595057_10

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