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The Financial Crisis, Lecture Seven: Austerity

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Conor McCabe
Conor McCabe

The Financial Crisis, Lecture Seven: Austerity

Education
1 of 62
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.
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity
The Financial Crisis, Lecture Seven: Austerity

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The Financial Crisis, Lecture Seven: Austerity

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  • 9. 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.
  • 10. 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.