Financial Derivatives: Fiscal Weapons of Mass Destruction

    Research output: Contribution to journalJournal articleResearchpeer-review


    Contemporary derivatives mark the development of capital and constitute a novel form of ownership. By reconfiguring the temporal, spatial and legal character of ownership derivatives present a substantive challenge to the tax collecting state. While fiscal systems are nationally bounded and inherently static, capital itself is unprecedentedly mobile, fluid and fungible. As such derivatives raise the specter of ‘financial weapons of mass destruction’.
    Original languageEnglish
    Issue number4
    Pages (from-to)18-25
    Publication statusPublished - 2013

    Cite this