It is worth recalling at this juncture that M-C-M! is not the formula foreconomic circulation as such, but a specific mode of same: that of capitalism. Parallel to this is the oft-elided fact that Marx nowhere claims that the sale […]
Autumn of the System: Poetry and Financial Capital
When funded pension schemes were first put forward at the beginning of the 1970s as a private sector alternative to state earnings-related pensions, the merchant (investment) banks and stockbroking firms that promoted them did not anticipate how successful they would
Ramping the Markets: Banking on Ponzi Finance
Peripheral markets may be defined as markets which generate only a small proportion of their financial inflows from local business and investors, but which attract the interest of ‘global’ investors. Emerging markets and markets for financial exotica such as financial