we're not leaving: finance and the ifsc (may day fest 2014)
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We're Not Leaving: Finance and the IFSC (May Day Fest 2014)TRANSCRIPT
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Finance and the IFSC
We’re Not Leaving Mayday FestTwisted Pepper, Dublin3 May 2014
Dr. Conor McCabeUCD School of Social Justice
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DREAM…
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INNOVATION
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[Lehman collapse, 15 September 2008 - headlines 16 Sep 2008]
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Over the last quarter of a century something fundamental seems to have changed in the way in which capitalism works.
The tendency since 1970 has been towards greater geographical mobility of capital.
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Rather than being a modest helper to the capital accumulation process, [finance] gradually turned into a driving force.
Speculative finance became a kind of secondary engine for growth given the weakness in the primary engine, productive investment.
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“Part of the reason people get less giddy about the Dow than they did five years ago is that they have learnt a bit about inequality.
what looks like a recovery, a rally or an increase in consumer confidence may just be the effect of elites passing money among themselves.“
Christopher Caldwell, FT 9 March 2013
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One company – 200 employees
One employee– 200 companies
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