World Economy financiarización: towards a characterization

In general terms, the term “financiarization” refers to rising relevance of financial capital within business operation. Financial activity is not only expanding rapidly, but also alters its composition in terms of markets, products and agents. These changes are deep enough to affect the logic behind economic performance. In most developed economies and some underdeveloped, the non-financial companies act under the logic of the financial sector. As a result, economic activity is “financializated” and leads many problems of weakening demand, slowing the accumulation process and social reconfiguration that are prejudicial to working people and benefit the capital, particulary its financier faction. Numerous problems which have finally led to the current crisis.

Bibiana Medialdea García
Antonio Sanabria Martín
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