Social significance of financial corporations in capitalism Cover Image

Wymiar społeczny korporacji finansowych w systemie kapitalistycznym
Social significance of financial corporations in capitalism

Author(s): Katarzyna Marta Pniewska
Subject(s): National Economy, Sociology, Economic policy
Published by: Szkoła Główna Handlowa w Warszawie
Keywords: capitalism; corporation; financial crisis;

Summary/Abstract: In capitalism the capital plays superior role. Financial markets and nancial corporations have a special and fundamental place in it due to their importance for market economy and economic growth. For a long time the pathologies of capitalism like degradation of environment, increasing gulf between rich and poor, social exclusion and global disequilibrium that capitalism is responsible for were ignored. The explanation was that the market will solve all the problems.Unfortunately, the market isn't perfect. A good example of market imperfections is the use of excess capital for speculation. Therefore it is necessary to rede ne the role of nancial corporation so it includes social matters.(

  • Issue Year: 13/2013
  • Issue No: 1
  • Page Range: 167-180
  • Page Count: 14
  • Language: Polish
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