Tag Archives: Financialization

The Era of Financialization, An Interview with Costas Lapavitsas: Parts 1 and 2

The Era of Financialization, An Interview with Costas Lapavitsas: Parts 1 and 2
These are the first two parts of a four-part interview with Costas Lapavitsas focusing on the Era of Financialization and the transformations at the “molecular” level of capitalism that are driving changes in economic performance and policy in both high-income and developing countries. Lapavitsas is a professor of economics at SOAS, University of London, and the author of Financialised Capitalism: Expansion and Crisis (Maia Ediciones, 2009) ... Read more

David Harvey: the crisis of capitalism this time around

David Harvey: the crisis of capitalism this time around
What is so striking about crises is not so much the wholesale reconfiguration of physical landscapes, but dramatic changes in ways of thought and understanding, of institutions and dominant ideologies, of political allegiances and processes, of political subjectivities, of technologies and organisational forms, of social relations, of the cultural customs and tastes that inform daily life. Crises shake our mental conceptions of the world and ... Read more

A Healthy Economy Cannot Rest on Financialization

A Healthy Economy Cannot Rest on Financialization
“I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.” —Paul Volker (2009) All of us suspect the obvious — that Wall Street not only is too big to fail, but also just too damn big. But where's our evidence? It's one thing to direct our anger at financial elites and the top one percent. It's quite another to make a factual case that Wall Street, indeed, is ... Read more