Financialization challenges some established ways of thinking within Marxist categories. We explore the way in which financialization is not simply shifting the balance of power between classes and generating economic volatility, but also re-constituting our understanding of class (as a formal economic category) and class relations. In particular, we examine how financialization is re-constituting labor as a form of capital, and giving capital a fluidity which serves to intensify competition. JEL classification: B51, G32
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.