ABSTRACT

A more unequal income distribution is one of the key attributes of the type of capitalism that came to prevail from the 1970s onwards. The background for this development can be found in the regime change that took place in the 1970s and 1980s when finance-driven forms of capitalist development started to emerge (Dullien et al., 2011: 11ff.). In this chapter, we will focus on one aspect of finance-driven capitalism: the dynamics of market income distribution.