Editing Capitalism (section)

=== Finance ===
{{Main|Finance capitalism}}
{{See also|Capitalist mode of production (Marxist theory)}}
Finance capitalism is the subordination of processes of [[Production (economics)|production]] to the accumulation of [[money]] profits in a [[financial system]]. In their critique of capitalism, [[Marxism]] and [[Leninism]] both emphasise the role of [[Financial capital|finance capital]] as the determining and [[ruling-class]] interest in capitalist society, particularly in the [[Crisis of capitalism|latter stages]].<ref>[[Imperialism, the Highest Stage of Capitalism]] [http://www.marxists.org/archive/lenin/works/1916/imp-hsc/ch03.htm ibid. Finance Capital and the Finance Oligarchy] {{Webarchive|url=https://web.archive.org/web/20150402214909/https://www.marxists.org/archive/lenin/works/1916/imp-hsc/ch03.htm |date=2 April 2015 }}</ref><ref>{{cite magazine|url=http://monthlyreview.org/2009/10/01/monopoly-finance-capital-and-the-paradox-of-accumulation/|title= Monopoly-Finance Capital and the Paradox of Accumulation |first1=John Bellamy |last1=Foster |author1-link=John Bellamy Foster |first2=Robert W. |last2=McChesney |author2-link=Robert W. McChesney |date=1 October 2009 |magazine=[[Monthly Review]] |access-date=27 August 2016 |archive-date=28 August 2016 |archive-url=https://web.archive.org/web/20160828081218/http://monthlyreview.org/2009/10/01/monopoly-finance-capital-and-the-paradox-of-accumulation/ |url-status=live}}</ref>

[[Rudolf Hilferding]] is credited with first bringing the term finance capitalism into prominence through ''Finance Capital'', his 1910 study of the links between German trusts, banks and monopolies—a study subsumed by [[Vladimir Lenin]] into ''[[Imperialism, the Highest Stage of Capitalism]]'' (1917), his analysis of the imperialist relations of the great world powers.<ref>Frederic Jameson, 'Culture and Finance Capital', in ''The Jameson Reader'' (2005) p. 257</ref> Lenin concluded that the banks at that time operated as "the chief nerve centres of the whole capitalist system of national economy".<ref>Quoted in E.H. Carr, ''The Bolshevik Revolution 2'' (1971) p. 137</ref> For the [[Comintern]] (founded in 1919), the phrase "dictatorship of finance capitalism"<ref>Quoted in F.A Voight, ''Unto Caesar'' (1938) p. 22</ref> became a regular one.

[[Fernand Braudel]] would later point to two earlier periods when finance capitalism had emerged in human history—with the Genoese in the 16th century and with the Dutch in the 17th and 18th centuries—although at those points it developed from commercial capitalism.<ref>C. J.Calhoun/G. Derluguian, ''Business as Usual'' (2011) p. 57</ref>{{request quotation|date=December 2016}} [[Giovanni Arrighi]] extended Braudel's analysis to suggest that a predominance of finance capitalism is a recurring, long-term phenomenon, whenever a previous phase of commercial/industrial capitalist expansion reaches a plateau.<ref>Jameson, pp. 259–260</ref>