Geopolitics of Monetary Innovation in the Longue Durée. Financialization, Digitalization and the Crisis of the Global Hegemony

• Autores: Carmelo Buscema
• Localización: Partecipazione e conflitto, ISSN-e 2035-6609, Vol. 13, Nº. 1, 2020 (Ejemplar dedicado a: 1: “"The Cultural Side of Populism: Politics, Emotions, Music and Subcultures in Populist Times”. 2: “Rethinking Money, Rebuilding Communities”), págs. 360-383
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Since the beginning of the new millennium, a great variety of experiences of monetary innovation has taken place worldwide. Actually, very assorted types of social agents, at very different levels of interaction and with very diverse purposes and results, are creating a plethora of global, macro-regional, local or deterritorialized currencies seriously defying both the hegemonic role of the US dollar, and the traditional agents, methods and criteria related to money's creation and circulation. Given such a picture, the main aim of this essay is to characterize and valuate the principle features of the ongoing process of monetary innovation, in light of its modern and contemporary history. We adopt an interdisciplinary theoretical frame, based on the ground of the political sociology and the world system theory, and a genealogical method focused on the monetary history of the United States. The main result here presented is the centrality of the dialectic between innovation and regulation, and of their social and institutional forces. Actually, it can help the comprehension about where, when and why new forms of money appear, as well as the individuation of the main traits characterizing the current stage of global crisis and of its risky implications.

• Referencias bibliográficas
  • Amato M. (2010), L’enigma della Moneta, Milano: et al.
  • Aristotle (350 B.C.), Nicomachean Ethics (http://classics.mit.edu).
  • Aristotle (350 B.C.), Politics (http://classics.mit.edu).
  • Arrighi G. (1994), The Long Twentieth Century: Money, Power, and the Origins of Our Times, London - New York: Verso.
  • Arrighi G. and B.J. Silver (1999), Chaos and Governance in the Modern World System. Min-neapolis - London: University Minnesota Press.
  • Barlaam R. (2019), “Google dal 2020 offrirà anche i conti correnti bancari”, Il Sole 24 ore, 13 nov. 2019.
  • Bloch M. (1981), Lineamenti di una Storia Monetaria d'Europa, Torino: Einaudi.
  • Braudel F. (1979), Civiltà Materiale, Economia e Capitalismo. Le Strutture del Quotidiano, Torino: Einaudi.
  • Buscema C. (2019), Contro il Suicidio, Contro il Terrore. Saggio sul Neoliberalismo Letale, Milano: Mimesis.
  • Buscema C. (2012), L’Epocalisse Finanziaria. Rivelazioni (e Rivoluzione) nel Mondo Digita-lizzato, Milano: Mimesis.
  • Buscema C. and S. Lucarelli (2013). “Fiat Bit, Fiat Money. La Crisi tra Finanziarizzazione della Società e Digitalizzazione del Mondo”, in...
  • Crouch C. (2004), Post-Democracy, Cambridge: Polity Press.
  • Crowley U. (2009) “Genealogy, method”, International Encyclopedia of Human Geogra-phy. Elsevier, pp. 341-344.
  • De Kerckhove D. (2016), “Big data e algoritmi. Il governo delle macchine, lo spettro della ‘datacrazia’”, Avvenire, 12 nov. 2016.
  • Fama M., A. Fumagalli, and S. Lucarelli (2019), “Cryptocurrencies, Monetary Policy, and New Forms of Monetary Sovereignty”, International...
  • Floridi L. (2009), Infosfera. Etica e filosofia nell’età dell’informazione, Torino: Giappichelli.
  • Formenti C. (2011), Felici e sfruttati. Capitalismo digitale ed eclissi del lavoro, Milano: Egea.
  • Gambetta D. (ed. 2018), Datacrazia, Roma: D Editore.
  • Grazzini E. (2019), “Verso la moneta digitale pubblica: l’audacia di Christine Lagarde e la prudenza di Mario Draghi”, Economia e politica,...
  • Kenney M. and J. Zysman (2016) “The Rise of the Platform Economy”, Issues in Science and Technology 32, no. 3 (Spring 2016).
  • Lagarde C. “Winds of Change: The Case for New Digital Currency”, Singapore Fintech Festival November 14, 2018 (https://www.imf.org/en/News/Articles/2018/11/13/sp111418-winds-of-change-the-case-for-new-digital-currency).
  • Marx K. (1867), Capital. A Critic of Political Economy, Champaing, IL: Modern Barbarian Press, 2018.
  • Perna T. (2014), Monete locali e moneta globale: la rivoluzione monetaria nel XXI secolo, Milano: Altreconomia.
  • Polanyi K. (1944), The Great Transformation. The Politic and Economic Origins of Our Time, Boston: Beacon Press.
  • Sylla R. (1982), “Monetary Innovation in America”, The Journal of Economic History, Vol. 42, No. 1, The Tasks of Economic History (Mar.,
  • , Cambridge University Press, pp. 21-30.
  • Volpicelli G. (2019), “What is Libra? Facebook's cryptocurrency, explained”, Wired, Au-gust 14 2019 (https://www.wired.co.uk/article/facebook-libra-cryptocurrency-explained).
  • Zuboff S. (2018), The Fight for a Human Future at the New Frontier of Power, New York: PublicAffairs.