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Books > Social sciences > Politics & government > Political ideologies > Marxism & Communism
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Finance Capital Today - Corporations and Banks in the Lasting Global Slump (Hardcover)
Loot Price: R3,935
Discovery Miles 39 350
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Finance Capital Today - Corporations and Banks in the Lasting Global Slump (Hardcover)
Series: Historical Materialism Book Series, 131
Expected to ship within 18 - 22 working days
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Finance Capital Today is shortlisted for the The Isaac and Tamara
Deutscher Memorial Prize 2017. 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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