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Capital Claims: Power and Global Finance analyzes how global financialized capitalism operates and reproduces itself, exploring the remarkable ability of the financial sector to maintain its dominance through even the most severe economic crises.
List of contents
1. The Three Phases of Financial Power: Leverage, Infrastructure, and Enforcement
Part I: Leverage Power 2. Leveraging Financial Claims: Transatlantic Bank Struggles and the Power of US Finance 3. Countering Financial Claims: On the Political Economy of Definancialisation 4. Relational Claims: Offshore Dollar and Sovereign Debt 5. Claims to Sovereignty: MMT as a Challenge to Money's Technical Imaginary
Part II: Infrastructural Power 6. The New Gatekeepers of Financial Claims: States, Passive Markets, and the Growing Power of Index Providers 7. The Benefits of Network Centrality: Central Counterparties, the Enforceability of Claims, and the Securing of Extra-Profits 8. Geoeconomic Infrastructures: Building Chinese-Russian Alternatives to SWIFT
Part III: Enforcement Power 9. Night of the Living Debt: Non-performing Loans and the Politics of Making an Asset Class in Europe 10. The Financialization of Investor-State Dispute Settlement 11. Firm Claims: Reinterpreting the Global Race for Foreign Direct Investment 12. Claiming the Wealth of a Nation: Creditor-Enforced Privatizations in Greece
Part IV: Conclusion 13. The Rise of Autonomous Financial Power
About the author
Benjamin Braun is a senior researcher at the Max Planck Institute for the Study of Societies in Cologne, Germany. His research focuses on the political economy of financial and monetary systems.
Kai Koddenbrock leads a research group on "Monetary and Economic Sovereignty in West Africa" at the "Africa Multiple" Cluster of Excellence at Bayreuth University, Germany. His research focuses on global hierarchies, financial dependencies, and questions of self-determination.
Summary
Capital Claims: Power and Global Finance analyzes how global financialized capitalism operates and reproduces itself, exploring the remarkable ability of the financial sector to maintain its dominance through even the most severe economic crises.
