CPD in Social Justice and Trade Union Studies : Finance Capital, Trade Unionism and Social Justice
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CPD in Social Justice and Trade Union Studies : Finance Capital, Trade Unionism and Social Justice

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CPD in Social Justice and Trade Union Studies : Finance Capital, Trade Unionism and Social Justice

CPD in Social Justice and Trade Union Studies : Finance Capital, Trade Unionism and Social Justice

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CPD in Social Justice and Trade Union Studies : Finance Capital, Trade Unionism and Social Justice CPD in Social Justice and Trade Union Studies : Finance Capital, Trade Unionism and Social Justice Presentation Transcript

  • CPD Certificate in Social Justice and Trade Union Studies 8 March 2014 Finance Dr. Conor McCabe UCD School of Social Justice
  • Over the last quarter of a century something fundamental seems to have changed in the way in which capitalism works. The tendency since 1970 has been towards greater geographical mobility of capital.
  • Rather than being a modest helper to the capital accumulation process, [finance] gradually turned into a driving force. Speculative finance became a kind of secondary engine for growth given the weakness in the primary engine, productive investment.
  • “Part of the reason people get less giddy about the Dow than they did five years ago is that they have learnt a bit about inequality. what looks like a recovery, a rally or an increase in consumer confidence may just be the effect of elites passing money among themselves.“ Christopher Caldwell, FT 9 March 2013
  • One company – 200 employees One employee– 200 companies