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"Towards a Critical Theory of Finance": An Essay by Paul North (Keywords: Capital; Financialisation;Marx;Commodity Fetishism;Credit;Critique;Democracy)
Paul North examines finance not as a neutral economic system, but as a force that shapes production, debt, inequality, and democracy. He shows how credit and financialisation have become deeply embedded in modern economic and political life. Through four metaphors—parasite, organ, struggle, and decision—North examines the possibilities and limits of challenging finance. Drawing on Marxist theory, he questions whether finance is removable, necessary, contestable, or ultimately
Paul North
15 min read
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