IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-21768-5_2.html
   My bibliography  Save this book chapter

The Global Debate on Finance Capitalism

In: Finance Capitalism and Income Inequality in the Contemporary Global Economy

Author

Listed:
  • Kuat B. Akizhanov

    (Academy of Public Administration under the President of Kazakhstan)

Abstract

This chapter discusses the relationship between neoliberalism and finance capitalism or financialisation and establishes a conceptual framework for the link between income inequality and finance. It focuses on the origin of neoliberal ideology, its main doctrinal tenets and its strategy to become hegemonic. A decreased share of capital in national income instigated the ruling classes to introduce neoliberal policies that later would develop into financialisation as a new mode of capital accumulation which most decisively resolved distributional issues in their favour. The third section examines the emergence of the new global financial order, explaining why and how the USA, as the hegemonic capitalist world power, broke away from the Bretton Woods regime. The chapter also offers a theoretical discussion of different concepts on finance capital, financialisation and finance capitalism.

Suggested Citation

  • Kuat B. Akizhanov, 2023. "The Global Debate on Finance Capitalism," Springer Books, in: Finance Capitalism and Income Inequality in the Contemporary Global Economy, chapter 0, pages 21-44, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-21768-5_2
    DOI: 10.1007/978-3-031-21768-5_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-21768-5_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.