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Why do authors such as Bilginsoy ( 2 0 1 5 ) refer to the contemporary form of capitalism as 'financial capitalism'? Group of answer
Why do authors such as Bilginsoy refer to the contemporary form of capitalism as 'financial capitalism'?
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Because financial markets, institutions, and motives play a central role in shaping economic policies and corporate strategies, significantly influencing global economic dynamics and priorities more than most times in history.
Because it represents a contemporary focus on sustainable and socially responsible investing, which distinguishes it from earlier forms of capitalism focused on profit maximization without regard to social impact.
Because the modern economy is dominated by the agricultural and industrial sectors which heavily rely on financial markets for growth and development, representing a shift from traditional capitalist models.
Because contemporary capitalism has seen a resurgence of financial mechanisms in policymaking, with governments increasingly leveraging financial tools to stabilize and stimulate economies, though this has not fundamentally shifted the core practices of capitalism.
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