Ecuador’s election wasn’t free — and its people will pay the price under President Noboa
What is ‘financialisation’?
Financial capital used to take a back seat to manufacturing. Today the rich get rich by selling credit and debt, says the MARX MEMORIAL LIBRARY

FINANCIALISATION is the process whereby global financial institutions increasingly dominate our planet — the economy, society, the environment and our daily lives.
Financialisation is a shift in the composition of capital and in the way that capitalists accumulate wealth.
Following Britain’s industrial revolution in the late 18th century the principal source of profit — and the driver of capitalism — became the mass production and sale of goods — physical commodities.
More from this author

Most currently popular arguments for degrowth describe a real problem without recognising its true cause – capitalism’s insatiable need to accumulate, argues the MARX MEMORIAL LIBRARY

Most phenomena have an explanation, writes the MARX MEMORIAL LIBRARY, but occasionally ‘anomalous’ events have led to new scientific understanding

The fight to defend public services is as important as the struggle over wages, but presents different challenges to workplace organising — especially with regards to bourgeois propaganda and conditioning, writes the MARX MEMORIAL LIBRARY

Marx and Engels’ concern with soil provides a focus for understanding the relationship between capitalism and the environment, argues the MARX MEMORIAL LIBRARY