Toward a Criminological Understanding of Financialization


This article weaves together the ascendancy of financial markets and the field of critical criminology. It argues that critical perspectives such as crimes of the powerful and crimes of globalization may benefit from analyzing financialization as a key economic and cultural transformation in today’s capitalism. The analysis of financialization is made through the literature that addresses the economic transformations of capitalist accumulation, thus framing finance capital in the post-Fordist regime of production. By using this perspective, this article develops the argument that the cyclical speculative waves of finance are not a congenital pathology of capitalism but its very mode of governmentality. Overall, this article claims the analytic potential of financialization studies to deepen our understanding of the social and environmental harms produced by powerful corporations and financial institutions.

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Published: 2022-09-01
Pages:153 to 164
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How to Cite
González Guzmán, J. (2022) “Toward a Criminological Understanding of Financialization”, International Journal for Crime, Justice and Social Democracy, 11(3), pp. 153-164. doi: 10.5204/ijcjsd.1999.

Author Biography

University of Leeds
 United Kingdom

Jordi González Guzmán is a Ph.D. candidate of Social Sciences at the University of Leeds, UK. He is a module assistant of Contested Cities at the University of Leeds and an associate lecturer of Public Security and Urbanism at the Universitat Pompeu Fabra of Barcelona, Spain. His main research concerns are focused on the financialization of the economy, the political economy of housing and urban social movements.