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Browse: Home / financialisation

financialisation

Fictitious capital and the first recession of the services economy

By Mark Bahnisch on April 5, 2009

<img src="http://larvatusprodeo.net/wp-content/uploads/2009/04/jefferson_thumbo87o8686.jpg" align=left Karl Marx’ concept of ‘fictitious capital’ has enjoyed something of a revival recently – in the context of explaining the Global Financial Crisis. It’s interesting to observe [h/t Richard Metzger at Boing Boing] that Marx doesn’t appear [...]

Posted in Culture, Developing world, Economics, Immigration, Industrial Relations, International, Markets, Poverty, Security, Sociology | Tagged Capitalism, CCi, creative economy, creative industries, economic sociology, economy, Fernand Braudel, fictitious capital, finance capital, financialisation, Giovanni Arrighi, global financial crisis, globalisation, Immigration, insecurity, intellectual property, Karl Marx, knowledge economy, labour mobility, neo-liberalism, networks, Paul Keating, QUT, regulation school, Robert Metzger, Robert Reich, services, services economy, social inequality, Sociology, sub prime mortgages, symbolic analysts, Thomas Jefferson, work, world systems theory | 46 Responses

Shorter Masters of the Universe: GFC not our fault

By Mark Bahnisch on February 5, 2009

[Via The Interpreter] Italian journalist Federico Fubini went to Davos and surveyed finance market wizards and banker types about the origins of the Global Financial Crisis. The result? They’re not taking much responsibility, and were much comforted by the “Black [...]

Posted in Economics, Markets, Sociology | Tagged bankers, Black Swan events, Davos, financial markets, financialisation, global financial crisis, globalisation | 33 Responses

G20 Summit: A new Bretton Woods?

By Mark Bahnisch on November 16, 2008

The G20 Summit has come and gone, and if today’s coverage in the Australian press is any indication, the most important of the tea leaves to be read is whether George W. Bush snubbed Kevin Rudd over the “Kirribilli leak”. [...]

Posted in Economics, International, Media, Sociology, USA | Tagged Adolf Berle, australian media, barack obama, Bretton Woods, Capitalism, derivatives, FDR, financial markets, financialisation, Franklin Delano Roosevelt, free markets, G20, George W. Bush, global financial crisis, Great Depression, international finance, John Quiggin, Kevin Rudd, neo-liberalism, New Deal, political economy, regulation, securitisation, Sociology, summit | 60 Responses

The state of capitalism today II

By Mark Bahnisch on October 13, 2008

SocProf over at The Global Sociology Blog and I must be reading the same things, and thinking along similar lines, because I had planned to link to precisely the same articles she highlights in an update to my recent post [...]

Posted in Apocalypse, Disasters, Economics, Europe, Foreign Elections, International, Markets, Media, Nationalism, Politics, Sociology, USA | Tagged ALP, banks, Ben bernanke, Canadian election 2008, Capitalism, credit crisis, credit crunch, deregulation, economic crisis, economic policy, federal reserve, financial meltdown, financialisation, globalisation, gordon brown, Immanuel Wallerstein, interest rates, Kevin Rudd, krondatieff cycles, Labor, liquidity crisis, neo-liberalism, New Labour, political economy, politics & government, recession, regulation, social democracy, socialism, Sociology, stephen harper, stock markets, subprime mortgages, TARP, Tony Blair, us economy, US election 2008, USA Election 2008, Wall Street, Will Hutton, world economy, world systems theory | 28 Responses

The state of capitalism today

By Mark Bahnisch on October 9, 2008

Iceland may be a barometer for what’s changing in the world economy. It was only very recently that the Milton Friedman fan club was hailing Iceland as a “Nordic Tiger”, lauding its flat taxes and praising its “economic freedom”. “Economic [...]

Posted in Activism, Consumerism, Culture, Economics, Ethics, International, Markets, Media, Politics, Poverty, Sociology, USA | Tagged alan greenspan, ALP, Andrew Crook, banks, Ben bernanke, Bill Clinton, Capitalism, credit crisis, credit crunch, deregulation, economic crisis, economic policy, federal reserve, financial meltdown, financialisation, globalisation, gordon brown, Guy Rundle, Iceland, interest rates, Kevin Rudd, Labor, liquidity crisis, Mark Davis, Milton Friedman, neo-liberalism, political economy, politics & government, recession, regulation, social democracy, socialism, Sociology, stock markets, subprime mortgages, TARP, us economy, US election 2008, USA Election 2008, Wall Street, world economy | 89 Responses

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