Summary / Resumé
Jürgen Kädtler: Financial Markets Capitalism. The Power of Financial Markets and its Signifi cance for the Real Economy
This essay deals with current economic developments known by the term fi - nancial market capitalism. Financial market capitalism stands for the interaction of fi nancial markets and their protagonists as decisive agents of economic and social development. They accumulate this power – and this is the central thesis of the essay – not because of economic necessity but rather because of the emergency of a new method of explaining their action in the fi nancial market public. Financial market capitalism is not so much a consistent and stable new era in capitalism but rather a highly contradictory setup with considerable risks for the general economic development.