Post by: Tony Norfield


Derivatives and Capitalist Markets: The Speculative Heart of Capital

20 Feb , 2017  

… Conclusions The growth of derivatives-trading in the past decade or so was facilitated by changes in government-regulation. But the fundamental reasons why derivatives-trading exploded have more to do with the attempts by banks, finance-companies and corporations to boost their flagging profitability and revenues. ‘Financial innovation’ was an easier way ...

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EconoFiction, Lexicon

Finance, Economics and Politics

19 Sep , 2016  

The financial system accentuates all the absurdities of capitalism, but it does this in a way that can make finance appear to be separate from the capitalist economy, rather than an inevitable outgrowth from it. Almost every observer of capitalism makes a distinction between the ‘real’ and the ‘financial’ economy. ...

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