Financial speculation and contemporary capitalism: a theoretical proposition based on Marx

Abstract

Regarding the analysis of the stages of capitalist production and circulation, the main objective of this article is to emphasize that the self-expansion process of the functional forms of capital, is a tool that effectively explains the changes observed in contemporary capitalism.This process takes place under the foundations of Marx's value theory, and is primarily characterized by fictitious capital. Particular attention is given to the recent capitalist crises and the intense financial speculation process.

Financial speculation; Fictitious capital; Crisis; Contemporary capitalism; Marxist theory