57-59). The key components of modern financial capital is spelled out in the acronym F.I.R.E. which stands for Finance, Insurance, and Real Estate. Investors in this field follow Marx’s "General Formula for Capitalism” M-C-M’, or money to commodity to increased money, in terms of real estate, or directly M-M’, money to increased money, in terms of finance or insurance (Marx, 1867, p. 251-252). The idea here is that the capitalist spends money with the goal of creating more money. Businessmen typically shifted their focus from material expansion to financialization due to an over-saturation of the commercial market, which created a need for more liquid forms of
57-59). The key components of modern financial capital is spelled out in the acronym F.I.R.E. which stands for Finance, Insurance, and Real Estate. Investors in this field follow Marx’s "General Formula for Capitalism” M-C-M’, or money to commodity to increased money, in terms of real estate, or directly M-M’, money to increased money, in terms of finance or insurance (Marx, 1867, p. 251-252). The idea here is that the capitalist spends money with the goal of creating more money. Businessmen typically shifted their focus from material expansion to financialization due to an over-saturation of the commercial market, which created a need for more liquid forms of