Finance Capital

Capital, finance
… we need to understand the extent to which the TIS is able to mobilize human capital (through education in specific scientific and technological fields, but also in entrepreneurship, management and finance), financial capital (see and venture capital, diversifying firms, government firms made available for long term R&D and/or demonstration etc.) and complementary assets (complementary products, services, network infrastructures.
Page 87 Bergek, Hekkert and Jacobsson (2008) in Foxon, Kohler and Oughton

 

Finance capital is not epiphenomenal. It is real and efficacious. Workers, corporations, consumers and states now strain unevenly under the sway of its speculative priorities, its containment of political movements under mountains of debt, its campaigns to drown the welfare state through selective state austerity, and its tendencies to create recurrent speculative bubbles and crashes that other sectors of the society must eventually absorb. It is not all powerful, partly because of responses by other forces and partly because its leaders cannot control the long term concatenations attached to the very practices they initiate.
(Connolly and Macdonald, 2015: 271-2)

Connolly, W.   and Macdonald, B. 2015. Confronting the Anthropocene and Contesting Neoliberalism: An Interview with William E. Connolly. New Political Science, 37:2, 259-275,

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