Resocializing Capital: Putting Pension Savings in the Service of “Financial Pluralism†?

Ewald Engelen
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Ewald Engelen: Department of Geography, Planning with International Studies of the Universiteit van Amsterdam e.r.engelen@uva.nl

Politics & Society, 2006, vol. 34, issue 2, 187-218

Abstract: Since the late 1980s, social scientists have argued that advanced economies have undergone a process of financial concentration that is resulting in a growing unevenness of the accessibility of capital. Households, small and medium-sized businesses as well as non-standard economic activities have increasing difficulties in finding funds. There are both sound economic and compelling moral reasons to address this issue. In order to ensure a more equal accessibility of capital, the author proposes a mandatory levy on the surpluses of mainstream pension funds to fund an alternative financial infrastructure as a first step to redressing unevenness. The underlying rationale is that “financial pluralism†is the key to a more even accessibility of capital.

Keywords: pension funds; financial exclusion; financial pluralism; globalization (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:sae:polsoc:v:34:y:2006:i:2:p:187-218

DOI: 10.1177/0032329206288151

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