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The first paragraph under "Characteristics" reads: "Finance capitalism is characterized by a predominance of the pursuit of profit from the purchase and sale of, or investment in, currencies and financial products such as bonds, stocks, futures and other derivatives. It also includes the lending of money at interest; and is seen by Marxist analysts (from whom the term finance capitalism originally derived) as being exploitative by supplying income to non-laborers. Academic defenders of the economic concept of capitalism, such as Eugen von Böhm-Bawerk, see such profits as part of the roundabout process by which it grows and hedges against inevitable risks."
I believe that this paragraph as it stands implies that the main critics of finance capitalism are Marxists. As a whole, the paragraph implies that anyone who criticizes finance capitalism is a Marxist. As such, it is implied red-baiting. However, Marxist economists are by no means the only ones criticizing the huge expansion of the financial sector since the Big Bang of the eighties, the policies of Reagan and Thatcher, the emasculation of the SEC, and the removal of traditional Glass-Steagall separations between investment and commercial banking existing since the thirties. Both Keynesian and in particular Asian economists have criticized the problems associated with the rise of finance capitalism (Kenichi Imai and others) as distorting capitalism and introducing moral hazards. This article is defective, and I believe biased toward a neoliberal, pro-finance capitalism viewpoint. --Gunnermanz (talk) 07:38, 1 October 2013 (UTC)
This article has no references for further reading. What are the major texts on Finance Capitalism?
To whoever wrote the above: Hobson's Imperialism: A Study, Bukharin's Imperialism and The World Economy, and especially Lenin's Imperialism: The Highest Stage of Capitalism are the major texts. Darth Sidious 23:05, 13 November 2006 (UTC)
The article seems to imply that "finance capitalism" is a term used only by its opponents, but some supporters also use it, at least in variants like "financial capitalism". --Delirium (talk) 18:00, 8 October 2008 (UTC)
- Suggestions for merging (in various forms) Finance capitalism, Financial capitalism and Financial capital have for obvious reasons been in the air since at least 2009. Because the first two describe an economic system, the last an aspect (potentially) of many economic systems, I have gone for a merger of the two former; because the first was getting twice the wikihits of the second - had twice the Google Books links too - I have made it the main page. The result seem to me a somewhat stronger article - still plenty of room for improvement of course.....Jacobisq (talk) 10:25, 23 April 2013 (UTC)
A picture could illustrate this article.
Removed Socialist tag
The subject is a topic of economics. It is relevant to socialism only in the sense that socialism by default has an opinion on the topic, however, this would be the case of every article on here having to do with economics. -Xcuref1endx (talk) 22:02, 10 December 2014 (UTC)
New section: contemporary state of play
I think a new section should be added shedding a light on real-life manifestations of financial capitalism. I'm not an expert whatsoever, first time I came across the term though, was in the hypercontemporary, hot context of recent finance crisis(es) (in the wrold, in Ireland, Iceland, Greece etc) - and for me indeed the corespondence is striking between the subject and the recent developments so a reference wouldn't go amiss. I'm not up to making the addition myself so I urge someone competent to tak up this task. Psisko (talk) 12:04, 23 July 2015 (UTC)