Your SlideShare is downloading. ×
0
Economics for
Activists
Week Six –
Conclusion
F2 Building, New Fatima, Rialto
16 July 2013
The purpose of capitalism is self-expansion – capital begets capital – and it does so by monetizing
social value and human...
The purpose of capitalism is self-expansion – capital begets capital – and it does so by monetizing
social value and human...
1. From finance capital to financialisation
Financialisation sees financial assets not as representing
wealth in the „real...
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Economics for Activists Conclusion Rialto 16 July 2013
Upcoming SlideShare
Loading in...5
×

Economics for Activists Conclusion Rialto 16 July 2013

114

Published on

Conclusion to six-wk workshop

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
114
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "Economics for Activists Conclusion Rialto 16 July 2013"

  1. 1. Economics for Activists Week Six – Conclusion F2 Building, New Fatima, Rialto 16 July 2013
  2. 2. The purpose of capitalism is self-expansion – capital begets capital – and it does so by monetizing social value and human labour. This is a circuit of transformation.
  3. 3. The purpose of capitalism is self-expansion – capital begets capital – and it does so by monetizing social value and human labour. This is a circuit of transformation. “Historical capitalism involved therefore the widespread commodification of processes – not merely exchange processes, but production processes, distribution processes, and investment processes – that had previously been conducted other than via a „market‟. And, in the course of seeking to accumulate more and more capital, capitalists have sought to commodify more and more of these social processes in all spheres of economic life.” Immanuel Wallerstein, Historical Capitalism (London: Verso, 2011), 15.
  4. 4. 1. From finance capital to financialisation Financialisation sees financial assets not as representing wealth in the „real‟ economy, but as wealth creating investment in their own right. (p.85) Leverage became the most important tool of financial accumulation… debt [or leverage] piled on a small amount of initial investment can vastly increase the profit made. The secret is access and banks were lending incredibly cheaper to speculative finance companies. (p.89)
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×