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Literatur zur Politischen Ökonomie
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Contradictions of Finance Capitalism
"We now live in the era of global finance capitalism." (S.18)

" ″the financialization of everything″—meaning control of all areas of the economy by finance. The tremendous economic power of the new entrepreneurial-financial class enables vast influence over the political process. As John Bellamy Foster and Hannah Holleman put it, ″the financialization of U.S. capitalism over the last four decades has been accompanied by a dramatic and probably long-lasting shift in the location of the capitalist class, a growing proportion of which now derives its wealth from finance as opposed to production. This growing dominance of finance can be seen today in the inner corridors of state power.″ "(S.19)

"A policy regime is broader than specific policies, such as regulation or deregulation of the financial sector. Rather, it indicates a systematic approach to policy formation by a set of government or governance institutions which deals with a definable, limited range of issues. It prevails, as the dominant state-interventionary framework, over a historical period lasting at least several decades.5 Policy regimes are lent coherence by underlying political-economic interpretations of the causes of related socio-economic problems that mark a crisis in capitalism of a certain kind, like industrial or financial capitalism. This interpretation represents the interests of a certain fraction of capital, as with finance, and a certain class fraction, like investment bankers, upper-level bureaucrats, and famous economists—the ″policy elite.″ Interpretations of crises are central, ideological aspects in class struggle. Ideologies that lend consistency, cohesion, and believability to policy regimes are constructed by experts residing in geographic centers of ideological power (″idea cities″), with the ideological work carried out in prestigious, elite institutions." (S.19)

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