Beyond the Systemic Crisis and Capital-Led Chaos

Beyond the Systemic Crisis and Capital-Led Chaos

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The current crisis is the expression of the struggle of a dominant ‘fictitious capital’ over real capital to redistribute the global mass of wealth. It is translated into an expansion of assets in financial markets sustained by an inverted pyramid of credits without being backed by a major growth of the real economy, which is increasingly global in scope. The conversion of fictitious capital into real capital is a geopolitical item to understand acquisitions… (more)