this post was submitted on 09 Jan 2024
1 points (100.0% liked)

askchapo

22849 readers
299 users here now

Ask Hexbear is the place to ask and answer ~~thought-provoking~~ questions.

Rules:

  1. Posts must ask a question.

  2. If the question asked is serious, answer seriously.

  3. Questions where you want to learn more about socialism are allowed, but questions in bad faith are not.

  4. Try !feedback@hexbear.net if you're having questions about regarding moderation, site policy, the site itself, development, volunteering or the mod team.

founded 4 years ago
MODERATORS
 

cross-posted from: https://lemmygrad.ml/post/3264448

Lenin in Imperialism talks about the emergence of finance capital as the major driver of imperial conquests. These days we have seen trends of "financialisation" of western economies coupled with deindustrialisation.

I guess what confuses me is why this trend towards financialisation a thing where you cede real material industrial power in favour of large banks.

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here