FINANCIAL CAPITAL GLOBALIZATION AS CAPITAL DISCIPLINE AND THE SOCIALIST ALTERNATIVE

By John Milios

​The current financial crisis of capitalism is without precedent in the post-war period. Regarding the crisis, recent heterodox literature is dominated by a single and persistent argument. The argument is that globalization and financial liberalization should be approached as a process in which the financial elites and financial intermediaries, i.e. contemporary rentiers in the Keynesian terminology, have a leading role in working out the details of the neoliberal form of capitalism.1

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​John Milios
National Technical University of Athens, [email protected]

Dimitris P. Sotiropoulos
​The Open University Business School, UK, [email protected]

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