G20 financial regulation barely alters global capitalist exploitation.

Evidence

Similarly, the best that can be said about the measures being formulated today to regulate finance by the G20 countries is that they represent efforts to resist finance for its own good. Tepid and meagre regulatory strategies such as the nominal Tobin Tax on transnational financial transactions or new controls on derivatives (shot through with loopholes) will do relatively little to alter the global capitalist dynamic of exploitation, of which finance is an important component and manifestation. — Max Haiven, Cultures of Financialization, 512

Categorization

• XREF: Tobin Tax as a named regulatory instrument — relevant to deWaard and to financial-regulation literature reader has covered (Milgrom’s private adjudication vs. state regulation). — connects to: Global finance has escaped the collective control of advanced capitalist states. — David Harvey, The Condition of Postmodernity: An…, 985; Solutions to financialization require abolishing capitalism, not just re-regulating finance — Max Haiven, Cultures of Financialization, 34

Broader Connections

• Solutions to financialization require abolishing capitalism, not just re-regulating finance #corroborates (0.85) — Max Haiven, Cultures of Financialization, 34
• Global finance has escaped the collective control of advanced capitalist states. #corroborates (0.82) — David Harvey, The Condition of Postmodernity, 985