The Critique of Financialization

A Reply to Michael Roberts

  • Editors -
Keywords: Capitalism, Economic Theory, Marxism, Political Economy

Abstract

There has been a tendency within liberal analysis of financialization to place an emphasis on the trees, that is, the various speculative mechanisms, rather than the forest, or the growth of finance in relation to production. The reason for this stress on the trees rather than the forest is that, in contemporary capitalist ideology, financialization cannot be brought seriously into question since it is part of the entire architecture of accumulation.

Published
2019-04-01
Section
Correspondence