Judith Dellheim: Background Paper on Capitalist Oligarchies

Within the social sciences the concern has been formulated since considerable time, who are the agents effectively taking political decisions in the globalized world and which are the consequences of such decisions – and why this is so. This concern has especially been driving towards research on networks of agency (e.g. Kees van der Pijl) and trans-national class structures (e.g. Leslie Sklair or Wilhelm Carroll). Since the beginning of the global financial crisis, this question is again under an intensive debate, not in the least within the space of the Euro. This should not astonish anybody – it is a reaction to circumstances in which „the markets“, especially the „financial markets“, have been unilaterally “driving” politics and incapacitate the politicians. So in spring 2012, at a public event organized by the German Federal Ministry of Finance,on the financial markets. More

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