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TOP CEOs, FINANCIALIZATION, and the CREATION of the SUPER-RICH ECONOMY

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journal contribution
posted on 04.08.2022, 21:48 authored by Aeron DavisAeron Davis
This piece takes a close look at top CEOs in the United Kingdom. CEOs are not only among the ranks of today’s super-rich, they have played a vital part in the evolution of an economic system that supports the super-rich generally. As the article argues, they have done this in two key ways: first, by promoting to news media and policy makers a set of financialized free-market ideas about managing the economy, and second, by managing large companies as financial assets for the benefit of financiers and the super-rich. In both ways, they have encouraged financialization and the funneling of capital away from the real economy and ordinary employees, and upward toward the super-rich. The article is based on thirty interviews with top UK business leaders, including twenty Financial Times Stock Exchange 100 CEOs, as well as other demographic and qualitative data.

History

Preferred citation

Davis, A. (2019). TOP CEOs, FINANCIALIZATION, and the CREATION of the SUPER-RICH ECONOMY. Cultural Politics, 15(1), 88-104. https://doi.org/10.1215/17432197-7289542

Journal title

Cultural Politics

Volume

15

Issue

1

Publication date

01/03/2019

Pagination

88-104

Publisher

Duke University Press

Publication status

Published

ISSN

1743-2197

eISSN

1751-7435

Language

en