We're Not Leaving: Finance and the IFSC (May Day Fest 2014)

1. Finance and the
IFSC
We’re Not Leaving Mayday Fest
Twisted Pepper, Dublin
3 May 2014
Dr. Conor McCabe
UCD School of Social Justice

4. DREAM…

5. INNOVATION

6. [Lehman collapse, 15 September 2008 - headlines 16 Sep 2008]

14. Over the last quarter of a
century something
fundamental seems to have
changed in the way in which
capitalism works.
The tendency since 1970 has
been towards greater
geographical mobility of
capital.

15. Rather than being a modest
helper to the capital
accumulation process,
[finance] gradually turned
into a driving force.
Speculative finance became
a kind of secondary engine
for growth given the
weakness in the primary
engine, productive
investment.

25. “Part of the reason people get less giddy
about the Dow than they did five years ago
is that they have learnt a bit about
inequality.
what looks like a recovery, a rally or an
increase in consumer confidence may just be
the effect of elites passing money among
themselves.“
Christopher Caldwell, FT 9 March 2013

47. One company –
200 employees
One employee–
200 companies