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Finance Capital Today' presents a rich new analysis of the specific features of contemporary capitalism, notably its truly global nature and its financialisation, calling on Marxist analyses of the concentration, centralisation and globalisation of capital and Marx's theory of interest-bearing and fictitious capital. Chesnais shows how financial globalisation and the exponential growth of financial assets have developed alongside the globalisation of productive capital, paying special attention to the contemporary operations of transnational corporations and global oligopoly. He argues that the macroeconomic perspective is one in which large amounts of capital are looking for profitable investment in a setting of underlying overproduction and low profits. The outcome will be low global growth, repeated financial shocks and the growing interconnection between the environmental and economic crises.
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Finance Capital Today: Corporations and Banks in the Lasting Global Slump
Jan 02, 2018, Haymarket Books
paperback
1608468275 9781608468270
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Finance Capital Today: Corporations and Banks in the Lasting Global Slump
Sep 15, 2016, Brill
hardcover
in English
9004255478 9789004255470
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Source title: Finance Capital Today: Corporations and Banks in the Lasting Global Slump (Historical Materialism Book)
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