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CPD in Social Justice and Trade Union Studies : Finance Capital, Trade Unionism and Social Justice
1. CPD Certificate in Social
Justice and Trade Union
Studies
8 March 2014
Finance
Dr. Conor McCabe
UCD School of Social Justice
2. Over the last quarter of a
century something
fundamental seems to have
changed in the way in which
capitalism works.
The tendency since 1970 has
been towards greater
geographical mobility of
capital.
3. Rather than being a modest
helper to the capital
accumulation process, [finance]
gradually turned into a driving
force.
Speculative finance became a
kind of secondary engine for
growth given the weakness in
the primary engine, productive
investment.
4.
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8. “Part of the reason people get less giddy
about the Dow than they did five years ago
is that they have learnt a bit about
inequality.
what looks like a recovery, a rally or an
increase in consumer confidence may just be
the effect of elites passing money among
themselves.“
Christopher Caldwell, FT 9 March 2013