Vaguery + financialzation   1

Towards a Theory of Corporate and Financial Sector Solidarity | Rortybomb
"Speculation: There’s a critique of the regulators and key decision makers during the crisis that invokes cultural capital and the idea that regulators are socialized with Wall Street in a way that it is difficult for them to exercise any type of power over them, to see their interests in conflict. I wonder if the same is true for the corporate sector. As the firm goes global, and as the white-collar workforce is broken by computerization and globalization, more and more elite corporate positions will be filled by those leaving Wall Street. (Has this already happened? Data/Studies?) If so, you’ll see an even more lucrative revolving door between corporate elites and financial elites. As such, any natural checks to financial sector power coming from the corporate market space is less likely to happen."
its-the-unnatural-checks-that-will-be-interesting  banking  financial-crisis  public-policy  regulation  corporatism  financialzation  social-networks  cultural-assumptions 
july 2011 by Vaguery

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