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Locating Financialisation

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image of Historical Materialism

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.

Affiliations: 1: Department of Economics, School of Oriental and African Studies, University of London

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/content/journals/10.1163/156920610x512453
2010-08-01
2016-12-08

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