Globalized Finance and Varieties of Capitalism

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Product description

Hans van Zon analyzes the financialization of developed capitalism, and argues that the emergence of finance as a dominant force has contributed to the relative decline of the West. He demonstrates that the neo-liberal model is inherently unstable and undermines capitalist economies, which can only function if they are embedded in institutions that are non- or even pre-capitalist. He shows how a toxic combination of financialization, corporate globalization, and a deregulated and parasitic financial industry have led to structural economic stagnation in both the USA and the greater part of the EU.

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Details

  • ISBN13 9781137560278
  • Released 2016
  • Publisher Palgrave Macmillan
  • Format Elektronisk medie
  • Language English