ABSTRACT
This chapter considers how money and credit play diverse, changing roles within capital accumulation, to consider how conflicts persist in relation to the geography of financialization and whether Marxian theory sheds light on their spatial character. It argues that the nature and success of financial-system reform depends both on the degree to which the underlying dynamics have been properly analysed, and the political narratives of resistance that correspond to the theoretical challenge of accurate diagnosis. Mainstream economic geography has treated finance as a service enterprise with specific locational and employment features that can be incorporated into pre-existing models of the space-economy. But the Marxist foundations of financial geography nevertheless require a far stronger response by those aiming for genuine change: a probe into why the mode of production itself is to blame for the depravity so much of the world faces at the hands of finance.
