Financial Speculation and Fictitious Profits

Gustavo Moura de Cavalcanti Mello is Professor in the Department of Economics and the Post-Graduate Programme in Social Policy at the Federal University of Espírito Santo, BrazilMauricio de Souza Sabadini is Professor in the Department of Economics and the Post-Graduate Programme in Social Policy at the Federal University of Espírito Santo, Brazil

• 1. Introduction.- 2. the Place of Money in Marx’s Theory of Capital.- 3. Speculative Capital and the Dematerialisation of Money.- 4. Crypto-Currencies: From the Fetishism of Gold to Hayek Gold.- 5. Financialisation and the Contradictory Unity Between the Real and Financial Dimensions of Capital Accumulation.- 6. Parasitic Speculative Capital: A Theoretical Precision on Financial Capital, Characteristic of Globalization.- 7. Profit, Interest, Rentism and Fictitious Profit.- 8. the Nature and the Contradictions of the Capitalist Crisis.