El Financial capital in Lenin and his contributions on contemporary financialization debate

Authors

  • Fernando Rocha Junior Leitão Universidade Federal dos Vales do Jequitinhonha e Mucuri - UFVJM. Brasil

Abstract

The hypertrophy of the financial sphere in contemporary capitalism has not changed the structural mechanisms of the capitalist mode of production, that is, the appreciation of value through the extraction of surplus value. The illusion, the enchantment value creation and added value in the financial sphere through the action of interest-bearing capital and fictitious capital is fallacious: a mystification. The rentier and parasitical characteristics of contemporary capitalism are exacerbated to unprecedented degrees and actually reinforce Lenin's argument about the financial capital, explicit in his Imperialism, the Highest Stage of Capitalism. Therefore, in our judgment, an effective theoretical understanding of the financial “capital category” and its articulation and connections with forms of interest-bearing capital and fictitious capital may provide clues that effectively elucidate the operation of the "gears" used for production and reproduction by capital. Since today, more than ever the rentier, speculative and parasitic logic flourishes through the dynamics of capitalist accumulation.

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Author Biography

Fernando Rocha Junior Leitão, Universidade Federal dos Vales do Jequitinhonha e Mucuri - UFVJM. Brasil

Pós-doutorado em Andamento na Universidade Nova de Lisboa - Portugal. Doutor em Serviço Social pela Universidade Federal do Rio de Janeiro, Mestre em Economia Política pela Pontifícia Universidade Católica de São Paulo, Bacharel em Ciências Econômicas pela Faculdade de Ciências Econômicas de São Paulo, Licenciado em Matemática pelas Faculdades Integradas Teresa Martin, Licenciado em Pedagogia pela Universidade Bandeirante de São Paulo. Concentra suas pesquisas no marco da Crítica à Economia Política com ênfase na Teoria do Valor Trabalho e o Processo de Financeirização da Riqueza. Membro do Conselho Editorial da Revista Critica Marxista - IFCH/UNICAMP, Membro do Conselho Editorial da Revista Novos Temas do Instituto Caio Prado Jr, Membro do Conselho Editorial Externo da Revista Prima Facie do PPGCJ/UFPB, Membro do Conselho Editorial dos Cadernos em Ciências Sociais Aplicadas- UESB, Pesquisador do Núcleo de Estudos em Trabalho, Saúde e Subjetividade ? NETSS- UNICAMP, Pesquisador do Grupo de Estudos de Crítica à Economia Política - GECEP/UFVJM. Professor do Programa de Pós-Graduação em Ambiente, Tecnologia e Sociedade (PPGTAS) do ICET/UFVJM, Professor Adjunto IV lotado no Departamento de Ciências Econômicas - Universidade Federal dos Vales do Jequitinhonha e Mucur - UFVJM Campus do Mucuri na Cidade de Teófilo Otoni - M.G. Atualmente leciona nos cursos de Graduação em Ciências Econômicas e Serviço Social da UFVJM.

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Published

2016-12-16

How to Cite

Leitão, F. R. J. (2016). El Financial capital in Lenin and his contributions on contemporary financialization debate. Cuadernos De Economía Crítica, 3(5), 37- 59. Retrieved from https://cec.sociedadeconomiacritica.org/index.php/cec/article/view/194

Issue

Vol. 3 No. 5 (2016): Cien años de El Imperialismo

Section

Artículos

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