This is the myth. Let us now look at the reality. The facts are quite the opposite. There has been a continuous growth, and internationalization, in finance capital. The transactions in the foreign exchange in the various stock markets in the world is more than 50 times that of trade in goods and services.
Finance capital is reflected in the stock market transactions.
The success and growth of the finance capital is verified by the rise in the value of shares in the stock markets measured by such indices as Dow Jones. Real economy, on the other hand, is defined generally in terms of jobs and its the success is measured in job growth. There is now irrefutable evidence that the stock market has gone up when the real economy declined suggesting that there is a negative relationship between the growth of finance capital and economic progress. In fact the overall stock market seems to do best when economic growth is far from robust. 1984 was also a poor year for the stock market, even as it was a great year for jobs and economic growth.