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finance capital

by Richard N Hutchinson

19 June 2000 18:44 UTC


Mine-

I've been reading Boswell and Chase-Dunn's "Spiral of Capitalism and
Socialism," and was reminded of another great source:

Arrighi, Giovanni.  1994.  The Long Twentieth Century.  Verso.

Arrighi documents the recurring cycle of a shift from productive to
financial/speculative capital that corresponds to hegemonic decline.

RH




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