Locating Financialisation

Locating Financialisation

The notion of financialisation as the exploitation or expropriation of workers’ wages in the sphere of exchange is taken as a critical point of departure. In this way, financialisation is more deeply rooted in contemporary developments, including the slowdown preceding the current global crisis, and...

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Bibliographic Details
Published in:Historical materialism : research in critical Marxist theory 2010-01, Vol.18 (2), p.97-116
Main Author: Fine, Ben
Format: Article
Language:eng
Subjects:
Capital
Exploitation
Expropriation
Finance
Marx, Karl
Neoliberalism
Social Reproduction
Wages
Workers
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Summary:The notion of financialisation as the exploitation or expropriation of workers’ wages in the sphere of exchange is taken as a critical point of departure. In this way, financialisation is more deeply rooted in contemporary developments, including the slowdown preceding the current global crisis, and in Marx’s own theory of finance. Financialisation is seen to represent the increasing penetration of interest-bearing capital across economic and social reproduction and to be a key defining moment of neoliberalism.
ISSN:1465-4466
1569-206X