Digital Financialization and the State: a brazilian case
Financialization; Digitalization; Digital Financialization; Underdevelopment; French Regulationism.
The digital financialization, within the context of this study, arises from the interactions and financial dynamics within the economy. Hence, this research adopts the following subdivision. Initially, we address the definition of financialization, its fundamentals, and the underlying logic that pervades the historical events to be explored. In contrast to the common approach in critical analysis of financial technology evolution, which often emphasizes the applied techniques and technologies, this study follows a different line of reasoning. It emphasizes that the development of financial technologies arises from the prior structuring of a financialized system, which stands out as an intrinsic characteristic of neoliberalism, understood as the current form of capitalist development.
After clarifying the underlying logic of financialization, we direct our attention to the new scope of technological development, which strengthens, expands, and concretizes characteristics of "analog financialization." This approach in the structure of the work emphasizes that the focus on the tool (digital finance and financial digitization) has contributed to a superficial analysis of the problems and solutions arising from digital financialization. Understanding financialization as a complete social phenomenon is the first essential step in establishing a more effective and enduring public policy agenda to combat its most harmful effects.