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Resocializing Capital: Putting Pension Savings in the Service of “Financial Pluralism†?

Author

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  • Ewald Engelen

    (Department of Geography, Planning with International Studies of the Universiteit van Amsterdam e.r.engelen@uva.nl)

Abstract

Since the late 1980s, social scientists have argued that advanced economies have undergone a process of financial concentration that is resulting in a growing unevenness of the accessibility of capital. Households, small and medium-sized businesses as well as non-standard economic activities have increasing difficulties in finding funds. There are both sound economic and compelling moral reasons to address this issue. In order to ensure a more equal accessibility of capital, the author proposes a mandatory levy on the surpluses of mainstream pension funds to fund an alternative financial infrastructure as a first step to redressing unevenness. The underlying rationale is that “financial pluralism†is the key to a more even accessibility of capital.

Suggested Citation

  • Ewald Engelen, 2006. "Resocializing Capital: Putting Pension Savings in the Service of “Financial Pluralism†?," Politics & Society, , vol. 34(2), pages 187-218, June.
    • Handle: RePEc:sae:polsoc:v:34:y:2006:i:2:p:187-218
    DOI: 10.1177/0032329206288151
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    Cited by:

    1. José Corpataux & Olivier Crevoisier & Thierry Theurillat, 2009. "The Expansion of the Finance Industry and Its Impact on the Economy: A Territorial Approach Based on Swiss Pension Funds," Economic Geography, Taylor & Francis Journals, vol. 85(3), pages 313-334, July.

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