Critical scholars and progressive politicians alike have today widely embraced the view that finance is a parasitical and corrosive force on the “real” industrial economy. According to this perspective, ‘financialization’ is a harbinger of the decline of American capitalism – forcing non-financial corporations to take a ‘short-termist’ outlook, and to restructure in ways that are dysfunctional to long-term economic health and stability. Yet such accounts obscure the ways in which, far from simply ‘hollowing out’ production, finance has in fact been integral to the capitalist globalization of recent decades.