The Financialisation of Capitalism
Marxistische Politische Ökonomik,
Thema: Krise, Finance, Finanzialisierung
Format: Vorlesung, Dauer: 01:01:18
Economist and politician Costas Lapavitsas: presents differing theoretical definitions of financialization, namely from Marxist and Post-Keynesian thinkers and compares their approaches. By presenting pattern and features of the economic and financial crisis, he interprets the latter as a crisis of financialization. Lapavitsas emphasizes his arguments by presenting data from the U.S. and Germany on the transformation of business, banks and households.