crises

The Financial Capital – State Nexus

The interconnection or linking of government and financial capital is written now in academic literature today as the operational-organisational state-financial nexus. (Cf. Malik 2014) This state-financial nexus (the state’s management of the economy by ministries of finance, central banks, informal …

The Financial Capital – State Nexus

ON MARX’S CRISIS THEORY IN THE ORIGINAL MANUSCRIPT OF THE 3RD VOLUME OF CAPITAL

The notion of capital overaccumulation, as constructed by Marx in Volume 3 of Capital on the basis of his “preliminary definition” of “absolute overproduction”, is considered in this paper as the key element of Marx’s crisis theory. Following what the …

ON MARX’S CRISIS THEORY IN THE ORIGINAL MANUSCRIPT OF THE 3RD VOLUME OF CAPITAL

What Do Economists Mean When They Talk About ‘Capital Accumulation’?

THE MISMATCH THESIS: What do economists mean when they talk about “capital accumulation”? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the “financial crisis” of the late …

What Do Economists Mean When They Talk About ‘Capital Accumulation’?

Iran: “There Is an Infinite Amount of Hope… but Not for Us”

An Interview Discussing the Pandemic, Economic Crisis, Repression, and Resistance in Iran All around the world, as the compromises that stabilized capitalism through the 20th century collapse, people are facing increasingly authoritarian measures from governments of all stripes. In this …

Iran: “There Is an Infinite Amount of Hope… but Not for Us”

Financialization:Market Discipline or Capital Discipline?

John Milios/ Dimitris P. Sotiropoulos A crucial aspect of nearly all contemporary approaches to imperialism is the idea that the domination of neoliberalism and of the globalized financial sector of the economy produces a predatory version of capitalism, a capitalism …

Financialization:Market Discipline or Capital Discipline?

Financial Capital Globalization as Capital Discipline and the Socialist Alternative

John Milios National Technical University of Athens, john.milios@gmail.com Dimitris P. Sotiropoulos The Open University Business School, UK, d.p.sotiropoulos@gmail.com 1. Globalization, financialization, crisis The current financial crisis of capitalism is without precedent in the post-war period. Regarding the crisis, recent heterodox …

Financial Capital Globalization as Capital Discipline and the Socialist Alternative

Scroll to Top