The Global Debate on Finance Capitalism

Kuat B. Akizhanov
Additional contact information
Kuat B. Akizhanov: Academy of Public Administration under the President of Kazakhstan

Chapter Chapter 2 in Finance Capitalism and Income Inequality in the Contemporary Global Economy, 2023, pp 21-44 from Springer

Abstract: Abstract This chapter discusses the relationship between neoliberalism and finance capitalism or financialisation and establishes a conceptual framework for the link between income inequality and finance. It focuses on the origin of neoliberal ideology, its main doctrinal tenets and its strategy to become hegemonic. A decreased share of capital in national income instigated the ruling classes to introduce neoliberal policies that later would develop into financialisation as a new mode of capital accumulation which most decisively resolved distributional issues in their favour. The third section examines the emergence of the new global financial order, explaining why and how the USA, as the hegemonic capitalist world power, broke away from the Bretton Woods regime. The chapter also offers a theoretical discussion of different concepts on finance capital, financialisation and finance capitalism.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-21768-5_2

Ordering information: This item can be ordered from
http://www.springer.com/9783031217685

DOI: 10.1007/978-3-031-21768-5_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().