Critical Perspectives on International Business, Vol. 7, No. 1, pp. 90-108
33 Pages Posted: 17 Oct 2010 Last revised: 30 Mar 2012
Date Written: October 15, 2010
Drawing inspiration from the 1910 book Finanzkapital by Rudolf Hilferding, this paper explores the nature of financial capital in early 21st century from a political-economic and culture theory perspective. It offers suggestions for transcending the crises-prone contemporary economic systems. The paper reconceptualises the notions of Finanzkapital in the contemporary context, drawing selective evidence from current and 20th century economic and business history. The nature of contemporaneous Finanzkapital is elaborated by presenting seven ‘theses’ that probe the nature of Finanzkapital prior to, during, and after the Great Recession of 2007-9. Through succinct articulation of the major characteristics of contemporary Finanzkapital, the paper suggests some ways to resist and transcend politico-economic and business systems based on massive but quicksand-like foundations of financial capital.
Suggested Citation: Suggested Citation
Dholakia, Nikhilesh, Finanzkapital in the Twenty-First Century (October 15, 2010). Critical Perspectives on International Business, Vol. 7, No. 1, pp. 90-108. Available at SSRN: https://ssrn.com/abstract=1692915 or http://dx.doi.org/10.2139/ssrn.1692915