Financial capital groups in Mexico, changes in the private appropriation of social wealth: a quarter of a century

The financial capital groups become outstanding in the capital accumulation process taking place on the sixties, even if their beginning is found in the Porfiriato period. The author identifies three evolution periods of these groups and analyzes the characteristics for the fourth period that starte...

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Bibliographic Details
Author: Morera Camacho, Carlos
Format: article
Status:Published version
Publication Date:2012
Country:México
Institution:UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO
Repository:Problemas del Desarrollo. Revista Latinoamericana de Economía
Language:Spanish
OAI Identifier:oai:ojs.pkp.sfu.ca:article/29414
Online Access:https://www.probdes.iiec.unam.mx/index.php/pde/article/view/29414
Access Level:Open access
Keyword:Capital financiero
riqueza social
devaluación
Bolsa de Valores
reorganización capitalista
Tesobonos
inversión extranjera
Description
Summary:The financial capital groups become outstanding in the capital accumulation process taking place on the sixties, even if their beginning is found in the Porfiriato period. The author identifies three evolution periods of these groups and analyzes the characteristics for the fourth period that started with the devaluation of December 1994; he outstands the relations these keep with the State within the context of the internationalization and re-organization of the Great Capital. The paper ends up pointing out that the economical politics tending to privilege the support to speculation is harmful for society.