It is no surprise that recent years have brought about a - TopicsExpress

It is no surprise that recent years have brought about a resurgence of public and scholarly interest in the question of debt and the power of finance. The European anti-austerity protests and the Occupy Wall Street movement in particular have fuelled debates over the myriad ways in which the rise of global finance has undermined democracy and fed into inequality. This paper aims to show why the main power of finance capital lies not just in its immense stock of wealth, but in its capacity to control capital flows and create money out of thin air.

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