What does a leftist vision of the international financial markets look like?

What do you think the future of hedge funds looks like? How would the international financial system have to change after capitalism?

Official response from submitted

Most basically, the use of a reductionist concept of profit - i.e. as the "bottom line" that gets maximized by capitalist decision-makers - would stop being the operative performance guide. Neither funds deposited with hedge funds nor bank funds etc would be allocated by profit maximizing. A much more nuanced, multiply-diversified set of social objectives would guide investment decisions, thereby radically altering how economic development happens.

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  • Richard Wolff
    responded with submitted 2017-05-07 21:14:56 -0400
  • Jason Prado
    published this page in Ask Prof. Wolff 2017-05-07 11:35:49 -0400