Financial Capital in the 21st Century: A New Theory of Speculative Capital by Achim SzepanskiEnglish | EPUB | 2022 | 388 Pages | ISBN : 3030931501 | 0.8 MB
“A brilliant contribution to present-day discussions on Marx’s value theory, money, capital and finance, highlighting the cardinal regulatory role of the financial sphere in capitalism. Achim Szepanski, following Marx’s analyses, takes finance seriously. He shows that ‘financialization’ is not a deviation from some ‘good’ industrial capitalism, or a new, ‘predatory’, method of exploitation (‘exploitation by dispossession’ etc.), a ‘bad’ exploitation as opposed to the ‘good’ exploitation by the ‘productive’ capital, but a historic development
expressing the formal determinations innate in the capitalist mode of production.”