Unraveling of Finance Capital Model Threatens Global Economic Stability
The article discusses how the concept of finance capital, introduced by Hilferding, is still relevant today. It compares the financial sectors of different countries and how they interact with industrial capital. In some countries, banks focus on trading fake money, while in others, they help industrial growth. The expectation that a more productive model of finance capital would replace the current system has not been met. The unraveling of the British financial dominance is now happening.