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    Financialization and European contemporary democracies the sociopolitical deadlock
    Cód:
    3010_9786587833712

    Por: R$ 45,90

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    This work is mostly about how leverage – the financial market s term to refer to the technique of maximizing profitability from a kind of indebtedness – of globalized finance impacts the political and social spheres regarding the rise of farright parties in postcrisis Europe in 2008. Thus, the present work has as its starting point the phenomenon of the globalized finance of François Chesnais, defined as the consequences of liberalization and deregulation of the financial market after 1980, that is, a specific mode of accumulation that led to the internationalization of capital through the strength of this market, which in turn is selfregulated and causes a definitive subordination of states, which are part of the International System, based on the speculation generated by financial capital. Thus, a scenario is created in which the States that are part of the International System are prone to greater vulnerability in the face of economic crises, which are the result of the flow of fictitious capital that is valued in financial form. This scenario mentioned is called systemic fragility.
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