EconoFiction, Lexicon

Demystifying Finance: How to understand financialization and think of strategies for a good society.


21 Apr , 2015  

José Viñals, economist, writes in his conclusion of the Global Financial Stability Report

“Risks are also rotating—away from banks to shadow banks, from solvency to market liquidity risks, and from advanced economies to emerging markets.”

This is interesting to read. Concrete risks are today nowhere, they cannot be located or to say they are floating in a virtual modus, and have to be therefore “controlled” by abstract risk, which are incorporated in derivatives. John Milios and his partners Dimtris P. Sotiropoulos and Sypyros Lapatsioras have developed in several essays and books a marxist understanding of financialization and the structure of risk. One essay you find here.


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