Banca de DEFESA: RENALVO CAVALCANTE SILVA

Uma banca de DEFESA de DOUTORADO foi cadastrada pelo programa.
STUDENT : RENALVO CAVALCANTE SILVA
DATE: 17/11/2022
TIME: 14:00
LOCAL: videoconferência
TITLE:

FICTIONAL CAPITAL AND ECONOMIC CRISES: FINANCIAL DOMINATION IN THE CONTEXT OF CONTEMPORARY CAPITALISM

KEY WORDS:

Fictitious capital. Economic crises. Financial system. Financialization      

PAGES: 311
BIG AREA: Ciências Sociais Aplicadas
AREA: Serviço Social
SUBÁREA: Fundamentos do Serviço Social
SUMMARY:

Marx assesses, at the beginning of Capital, that the wealth of society in the capitalist mode of production is based on a collection of commodities that seeks to satisfy human needs of any kind, regardless of whether the satisfaction will meet the needs of the stomach or the imagination, or even if the commodity will be used for the direct usufruct of the person who acquired it or as a means of production for other commodities. Marx intends to expose the secrets of the commodity that will reveal the economic structure of capitalist society. In the same work, the German thinker already mentions the credit system, public debt, the stock market and a banking development that will give rise to a class of idle rentiers who obtain their gains from loans to groups of functioning capitalists and to the State itself, forming a financial aristocracy that constitutes a parasitic wealth. However, in book III of Capital, he admits that fictitious capital financial securities are also commodities traded in a specific market and relatively insubordinate to the production of real wealth. This means that the fetishism achieved with the development of finance capital reaches its maximum potency when it manages to create a type of commodity that rebels against the real process of capital appreciation. The financial domination of contemporary capitalism appears as a counter-tendency measure to crises, which reappear in the future with more intensifying and destructive aspects. In order to achieve the objective of our studies, a bibliographic research was carried out, having dialectical materialism as the guiding method for understanding the movement of reality, capable of mediating the relationship between consciousness and effective concrete. Furthermore, we have as main theoretical references Marx, Chesnais, Hilferding, Bukharin, Harvey, Coggiola, Grespan, Carcanholo, Mollo, Nakatani, Sabadini etc. The thesis is divided into three sections, which deal with fundamental categories for the development of research, both to understand the genesis of fictitious capital and to understand the developments that led to financialized capitalism. The first section deals with the commodity, the theory of value in Capital and interest-bearing capital. The second section discusses the foundations of fictitious capital and the capitalist crises that unfolded in the concentration and centralization of capital in monopoly capitalism, with important consequences that determined the globalization of capital in the 1970s/1980s. In the third section, we analyze the result of decades of capitalist overaccumulation and the consequences of the US break with the Bretton Woods agreement, allowing speculative orgies and the global casino to be free to create fictitious wealth. It is concluded that from an ontological analysis of fictitious capital, its origin depended on the formation of interest-bearing capital, in the same way that interest-bearing capital had its ontogenesis in the relations of abstract labor in the production of goods. The attempt to transform the financial system into the guardian of capitalist interests has only led to the misery and destruction of humanity, leaving no alternative but human extinction or the overcoming of capital.

BANKING MEMBERS:
Presidente - 2211994 - ARTUR BISPO DOS SANTOS NETO
Interno(a) - 1348536 - MARIA CRISTINA SOARES PANIAGO
Interno(a) - 2731043 - DIEGO DE OLIVEIRA SOUZA
Interno(a) - 1121120 - EDLENE PIMENTEL SANTOS
Externo(a) ao Programa - 1218562 - GEORGIA SOBREIRA DOS SANTOS CEA
Externo(a) à Instituição - JOSIANE SOARES SANTOS - UFS
Externo(a) à Instituição - MARIA DE LOURDES ROLEMBERG MOLLO - UnB