ABSTRACT
In today’s capitalism, notably its stockholder, that is, Anglo-Saxon variety, it becomes increasingly easy to convert
real assets into liquid commodities, thus increasing the turnover time of capital. When capital markets are reorganized and integrated along Anglo-American lines they facilitate the process of making different forms of capital (assets) more fungible and liquid (tradable) by selling them as stocks and bonds (securitization) or as new financial products (derivatives) in ways that combine and reallocate assets to offset risks and maximize profits. (Gill 2000)
