Finance manages rather than creates value under capitalism.

Evidence

For Marx, of course, all value came from labour, and from the manufacture of goods for exchange. Finance is a means by which the elemental contradictions of this exploitation are managed (see Chapter 6). — Max Haiven, Cultures of Financialization, 98

Categorization

• DEFINE: Positions finance as a management mechanism for exploitation’s contradictions rather than a value-creating sphere.
• XREF: connects to: Asset value is actively managed, including downward, and its constructedness is obscured. — Kean Birch, Rethinking Value in the Bio-economy:…, 44; Financialization does not measurably raise firm profits or financial-asset productivity. — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 179; Finance operates as a disciplinary mechanism that mobilizes debt to exploit labor. — Max Haiven, Cultures of Financialization, 58 (+7 more)

Broader Connections

• Finance is necessary but not sufficient to capitalist accumulation #corroborates (0.92) — Max Haiven, Cultures of Financialization, 488
• Financialization means accumulation through financial channels rather than production #corroborates (0.85) — Greta R. Krippner, The Financialization of the American…, 11