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Chile has established hybrid policies for the administrative distribution of its educational establishments, leading to significant gaps in educational results and school conditions between public, mixed, and private schools. As a result, there are high levels of segregation, and social and economic vulnerability that put public schools at a disadvantage, affecting their image and causing a constant decrease in enrollment. An abbreviated version of Luhtanen and Crocker’s (1992) collective self-esteem scale was adapted and validated for the Chilean educational context because of its usefulness in studying processes of social segregation and cultural coherence, seeking to identify student perception about the appreciation of school actions in the context of belonging and identification with schools, in order to compare between groups according to types of establishment and assess the effects of school conditions on the perception of students. A representative sample of Chilean secondary students between 9th and 12th grades participated (n = 3635, 52.8% women, average age 15.9 years, SD = 1.1). Descriptive analyses, comparison of means between groups, confirmatory factorial analyses, and multi-group analyses were conducted to test the adjustment and invariance of the unifactorial structure of a reduced version of four items. The results indicated that the scale satisfactorily complies with the proposed adjustment indexes, presents total invariance by gender and partial invariance by administrative dependence, and allows establishing statistically significant differences in the collective self-esteem, indicating a higher score for students in the private system, and a lower score for those in the public system. These results show the negative effects of high school segregation on students’ collective self-esteem, affecting the appreciation of personal, collective, and institutional activities and the sense of belonging. Although previous research has explored some of the effects of school segregation, the present study focuses on collective self-esteem, which is closely related to identity and belonging, and allows for further innovative research on school segregation. The scale is useful as an instrument for researching social conditions of student well-being, in regards to educational management.

RESUMENLa crisis financiera del 2008 modificó las relaciones sostenidas entre el sistema político, la esfera jurídica y el dominio financiero a escala global. Ante la incapacidad de las estructuras regulatorias de los países afectados por salvaguardar la estabilidad de sus mercados, la solución política ha estribado en un incremento de la participación estatal sobre los órganos jurídicos encargados de supervigilar los procesos financieros, provocando un nuevo giro en la disputa por el control de la regulación financiera sostenida entre el sistema político y el sistema financiero. Este artículo indaga los orígenes y los potenciales efectos de esta dinámica emergente, identificando los principales acoplamientos estructurales dispuestos por el Estado para subsanar los vicios funcionales del régimen financiero global, así como las raíces de la desdiferenciación derivada de la captura regulatoria en la que ha incurrido históricamente el sistema financiero. Para describir este fenómeno desde la perspectiva sociológica, se conjugó la óptica analítica que proporciona la teoría de sistemas con el arsenal teórico propio de la regulación financiera, incluyendo una investigación empírica en dicho campo. Finalmente, este artículo propone resaltar las ventajas funcionales de esta pugna intersistémica, introduciendo una reflexión que rescata sus beneficios para la sociedad en el largo plazo.PALABRAS CLAVE: Regímenes regulatorios; Sociología jurídica; Sistema financiero; Desdiferenciación; Teoría de sistemas ABSTRACT The financial crisis of 2008 amended the sustained relationships between the political system, the legal system and the financial system globally. Given the inability of the regulatory structures of the concerned countries to safeguard the stability of its markets, the political solution has focused in increased state involvement on legal bodies to supervise financial processes, causing a new turn in the dispute over sustained control of financial regulation between the political system and the financial system. This article explores the origins and the potential effects of this emerging dynamics, identifying the main structural links arranged by the State to correct the functional defects of the global financial system, as well as the roots of dedifferentiation derived regulatory capture in which incurred historically the financial system. To describe this emerging dynamics from a sociological perspective, was conjugated the optic that provides analytical systems theory with own theoretical arsenal of financial regulation, including recent empirical research in this field. Finally, this article highlight the functional advantages of this intersystemic struggle, introducing a reflection that rescues its benefits to the social system in the long term.