Society has become financialized; the process of replacing relations, structures of trust and reciprocity, by anonymous and systemic transactions. The volume poses vital questions with regard to this societal development. How did this happen? And is change possible? If yes, how? Finance and the Common Good contains 21 essays on these themes. Haroon Sheikh has contributed A European Response to Globalisation and Digitalisation.
The volume Finance and the Common Good builds on the observation that society has co-evolved with the financial sector. After the 2008 crisis brought the financial system to the brink of collapse, new regulations, stricter supervision, higher capital requirements, and ethical codes were introduced to the sector. Today we find ourselves in the middle of another economic boom. Yet one pressing question remains: has anything changed? Have the (necessary) repairs fixed the flaws in the system? Or do we require even more fundamental reforms?
Haroon Sheikh has contributed A European Response to Globalisation and Digitalisation (p. 162-171). He discusses the future of the financial sector along two lines: geopolitics and FinTech, and asks: are we ready for the considerable changes that are going to occur in these domains?
Finance and the Common Good (2019) is edited by Cor van Beuningen and Kees Buitendijk
Publisher: Amsterdam University Press