Open AccessToward a Criminological Understanding of Financialization
Author(s) -
Jordi González Guzmán
Publication year - 2021
Publication title -
international journal for crime, justice and social democracy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.36
H-Index - 16
eISSN - 2202-7998
pISSN - 2202-8005
DOI - 10.5204/ijcjsd.1999
Subject(s) - financialization , capitalism , fordism , framing (construction) , economics , neoclassical economics , capital (architecture) , governmentality , neoliberalism (international relations) , globalization , sociology , political economy , market economy , politics , political science , law , structural engineering , archaeology , history , engineering
This article weaves together the ascendancy of financial markets and the field of critical criminology. It argues that critical perspectives such as crimes of the powerful and crimes of globalization may benefit from analyzing financialization as a key economic and cultural transformation in today’s capitalism. The analysis of financialization is made through the literature that addresses the economic transformations of capitalist accumulation, thus framing finance capital in the post-Fordist regime of production. By using this perspective, this article develops the argument that the cyclical speculative waves of finance are not a congenital pathology of capitalism but its very mode of governmentality. Overall, this article claims the analytic potential of financialization studies to deepen our understanding of the social and environmental harms produced by powerful corporations and financial institutions.