Fictitious Capital
Subtitle: How Finance Is Appropriating Our Future
Publisher: Verso Books; VERSO BOOKS
Published: 2017
Language: eng
Number of pages: 164
ISBN-13: 9781784787196
Subjects: Finance; Capitalism
Description: "The 2007-08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. ... Using comparative data covering the last four decades, Durand examines the relationship between trends such as the rise in private and public debt and the proliferation of financial products; norms such as our habitual assumptions about the production of value and financial stability; and the relationship of all this to political power.... Durand argues that the accelerated expansion of financial operations is a sign of the declining power of the economies of the Global North. The City, Wall Street and other centres of the power of money, he suggests, may already be caked with the frosts of winter."--