Evanescência de ilusões: a supremacia das finanças e o Estado-nação

Abstract

The last decades of capitalist system were featured by the emergence of a financial sphere that presents itself as a broad circuit of valorization, characterized by the free mobility of capital by the most several political-economic areas of the world economy, producing in its movement a chronic systemic instability. At the same time, the Capital‟s increasing amplitude allows a continuous (and relatively autonomous) movement of valorization, what ends for subjugate the development of production to the requirements of the financial sphere, conditioning production to the high standards of Capital valorization offered by the financial sphere and creating a tendency to the increasing extraction of plus-value in the universe of work. Moreover, since the creation of value can only be undertaken by the effort of working, in the productive sphere, the financial sphere shows itself as a great vortex for concentration of income. Therefore, the need for controlling this financial sphere becomes imperative. And as soon as this perception arises, the Nation State is thought to such task. However, the financial sphere has in its own constitution a series of obstacles to the Nation State‟s capacity of intervention. In fact, to a few contemporary interpretations it would mean the End of the Nation State . Due to that, this work confronts directly such argument as a means to determine if there are limits (and which are these) to the actions of the Nation State, and which are its potentialities. Nevertheless, as it is reaffirmed as fundamental to the regulation of global capitalism, this work aims the understanding of the strategies that the Nation State can dispose to apprehend and to intervene in this space.