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Is finance-led capitalism politically sustainable? Finance-led growth regimes have been identified as unstable regimes of accumulation, and the question of whether they can be monitored by modes of regulation and thus be politically sustainable is highly debatable. This paper lists the pros and cons of arguments for their sustainability, and considers alternatives beyond the present situation of transition. Keywords Growth regime, financialisation, political sustainability, Introduction A major issue in the analysis of the present development of our economies is to explain how the rise of the power of finance in the last two decades [...]

The regulation approach has brought powerful insights into the relationship between periods of stable accumulation and the dramatic ruptures associated with their decline. Shifts from Fordism to post-Fordism and thence [...]