Globalized Finance and Varieties of Capitalism
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Globalized Finance and Varieties of Capitalism

SKU: 9781137560278

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Additional information

Full Title

Globalized Finance and Varieties of Capitalism
Author(s)

H. van Zon
Edition
ISBN

9781137560278, 9781137560261, 9781349719532
Publisher

Palgrave Macmillan
Format

PDF and EPUB

Description

Hans van Zon analyzes the financialization of developed capitalism, and argues that the emergence of finance as a dominant force has contributed to the relative decline of the West. He demonstrates that the neo-liberal model is inherently unstable and undermines capitalist economies, which can only function if they are embedded in institutions that are non- or even pre-capitalist. He shows how a toxic combination of financialization, corporate globalization, and a deregulated and parasitic financial industry have led to structural economic stagnation in both the USA and the greater part of the EU.

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