Monthly Archives: February 2017
Tony Norfield will be giving a lecture next week at King’s College, London, on Wednesday 8 February.
The session is from 6pm to 8pm, and is part of a series of seminars at King’s on Contemporary Marxist Theory.
The seminars are open to the public, but arrive in time to get signed in if you want to attend.
342N Norfolk Building (entrance on Surrey St)
King’s College London, Strand, London WC2R 2LS
This paper discusses how the financial system both expresses and reinforces the power of major countries. Developing Marx’s theory by examining bank credit creation, bond and equity markets, the paper shows how what Marx called the ‘law of value’ is modified by the evolution of finance. To understand imperialism today, one has to recognise how financial markets help the centralisation of ownership and control of the world economy. They are also an important way in which the US and the UK siphon off the world’s resources. The question of Brexit and the City of London is also discussed.