Question: Why do authors such as Bilginsoy ( 2 0 1 5 ) refer to the contemporary form of capitalism as 'financial capitalism'? Group of answer

Why do authors such as Bilginsoy (2015) refer to the contemporary form of capitalism as 'financial capitalism'?
Group of answer choices
Because financial markets, institutions, and motives play a central role in shaping economic policies and corporate strategies, significantly influencing global economic dynamics and priorities more than most times in history.
Because it represents a contemporary focus on sustainable and socially responsible investing, which distinguishes it from earlier forms of capitalism focused on profit maximization without regard to social impact.
Because the modern economy is dominated by the agricultural and industrial sectors, which heavily rely on financial markets for growth and development, representing a shift from traditional capitalist models.
Because contemporary capitalism has seen a resurgence of financial mechanisms in policy-making, with governments increasingly leveraging financial tools to stabilize and stimulate economies, though this has not fundamentally shifted the core practices of capitalism.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!