cross-posted from: https://lemmygrad.ml/post/3264448

Lenin in Imperialism talks about the emergence of finance capital as the major driver of imperial conquests. These days we have seen trends of "financialisation" of western economies coupled with deindustrialisation.

I guess what confuses me is why this trend towards financialisation a thing where you cede real material industrial power in favour of large banks.

  • Yllych [any]
    ·
    6 months ago

    Actually was just going through an article about this. Haven't finished it quite yet but planning on later today. Like most of Michael Roberts work I've found it useful , I appreciate the ways in which he guards against a vulgar or even Keynesianesque readings of Marx. You can try searching his website or Monthly Review for "financialisation" and that should lead you to some more resources on the matter.