The starting point
Money, financialization and finance capitalism: The nature of the changes triggered by recent forms of financialization is contested. The expansionary nature of capitalist money, the de-coupling and re-coupling of the financial and the real sphere have been recurrent. What is more, the relationship between capital and labor, and between capital and the state has sometimes been more cooperative and at times conflictive. Is there anything new in current practices of fiat money creation, asset and liability management and the entrenched position of rentiers? Or are we just witnessing another form of capitalist crisis, tied to the contradictions enshrined in the labor-capital relation, money, capital and the international division of labor?