![]() ![]() The emphasis is on the global: One key insight of Norfield's book is that examining finance from a purely national perspective misses the crucial ways in which finance welds together and integrates global capitalist relations of exploitation and oppression.ĭRAWING INSPIRATION from Marx's analysis of the developing financial system attached to capitalism from Lenin's popular pamphlet Imperialism: The Highest Stage of Capitalism and-although critically-from Rudolf Hilferding's Finance Capital Norfield's book does three things. ![]() While focusing primarily on the British financial center based in London-popularly known as "The City"-Norfield's application of Marxist categories and an unpretentious and clear prose style will be useful for those wishing to understand the dynamics and contours of modern imperialism and the role it plays in global capitalism. FINANCIAL ANALYST and "City" dweller Tony Norfield has come out with a good book that seeks to deepen the Marxist analysis of finance and modern imperialism.
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