Financialization and Fictitious Capital: The Rise of Financial Securities as a Form of Private Property

In recent decades, financial securities have become a dominant form of private property, accounting for much the growth wealth around world. But what kind property are securities? What sources income they provide, and social relations that underlie its flow? This article addresses these questions through Marxist category fictitious capital. Focusing on corporate stocks bonds, shows expressed in based relation capital labor exploitation workers sphere production. It concludes although rise leaves basic conflict between intact, it opens new strategies within this class struggle. JEL Classification: B51, E44, P10