Financial delusions and the persistence of capital

Fabio Vighi

doi:10.2218/finsoc.8099

Financial delusions and the persistence of capital

Published online by Cambridge University Press: 09 November 2023

Fabio Vighi

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Fabio Vighi*: Affiliation:
Cardiff University, UK
*: Corresponding author: Fabio Vighi, School of ModernLanguages, Cardiff University, 2.05, 66A Park Place, Cathays, Cardiff, CF10 3AS,UK. Email: vighif@cardiff.ac.uk.

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The dominant view among critics of today's financial economy is that, at one point in its long history, capitalism took the wrong turn, falling victim to greed and corruption. This view is fundamentally flawed. The elementary but disavowed reason for the current dominance of the financial sector is that the social narrative based on labour exploitation has grown impotent. The law of value is artificially kept alive in spite of its vanishing. But how long can such delusion last?

Type: Forum: Edges of the financial imagination
Information: Finance and Society , Volume 9 , Issue 1 , 2023 , pp. 76 - 79

DOI: https://doi.org/10.2218/finsoc.8099 [Opens in a new window]
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