Marica Frangakis: Inequality and Financialisation: The Case of the EU

After the collapse of the Bretton Woods system and the elimination of the system of fixed exchange rates, global finance made new inroads into the world economy, while the deregulation of financial services marked the beginning of the era of financialisation. Inequality in the distribution of income and wealth feeds the process of financialisation and is fed by it. It is a two-way relationship, which has favoured the meteoric rise of the More

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