Financial Derivatives: Fiscal Weapons of Mass Destruction

    Research output: Contribution to journalJournal articlepeer-review

    Abstract

    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
    JournalPolitik
    Volume16
    Issue number4
    Pages (from-to)18-25
    ISSN1604-0058
    Publication statusPublished - 2013

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