Abstract
Turnover in global financial markets was relatively unaffected by the global financial crisis. In the more than 3 years since the crash, these markets have been expanding and evolving. This paper contends that new forms of financial markets have become integral to capitalist finance, and they are integrating households into accumulation in new ways. They call for new ways of thinking about the social role of finance. The contradictions and tensions of global financialization are to be found in the dynamics within finance – the way it is transforming social calculation – more than in market volatility per se.
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