True for the US and the UK, where finance is king and Chicago school economists dominate. I've always felt that economists here are the modern equivalent of soothsayers: they tell their patrons what they want to hear, massaged with enough mathematical nonsense to disguise that there is nothing there but raw self-interest.

By contrast, in Germany 1/2 of the seats on the board of a public company must be elected by workers. So there finance and money can't just replace engineering.