In this paper the euro crisis is interpreted as the latest episode in the crisis of finance-dominated capitalism. For … 11 initial Euro area countries, the major features of finance-dominated capitalism are analyzed; specifically, the … approach tackling the basic contradictions of finance-dominated capitalism and the deficiencies of European economic policy …

Spätestens seit der Finanzkrise im Jahr 2008 ist es ins Bewusstsein der Menschen in den Industrieländern gedrungen: Der … Kapitalismus ist gescheitert. Allerdings: Krisen haben den Kapitalismus stets begleitet: Große Börsencrashs, Verelendung von großen … Bevölkerungsteilen in der Dritten Welt, ökologische Zerstörung, Massenarbeitslosigkeit, verheerende Kriege usw. Dies alles gehört zu …

transformation of the economy. Today’s crisis is rooted in what he called “money manager capitalism,” the current stage of capitalism … regulation or supervision of financial institutions, money managers have concocted increasingly esoteric instruments that quickly … spread around the world. Those playing along are rewarded with high returns because highly leveraged funding drives up prices …

finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the … Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the …