Capital especulativo parasitario versus capital financiero

The imprecise idea of financial widely used in recent analyses of the globalization of capital, led the authors to create a theoretical  definition of speculative capital, starting from a strictly Marxist point of  view. To this end, the analysis begins by defining the concepts of  capital, industrial capital and its functional forms, interest capital and  fictional capital. This led the authors to conclude that, within the  specific conditions of contemporary capitalism, the concept of industrial capital has been dialectically transformed into that of speculative capital, which, in turn, co-exists with its opposite, parasitic speculative capital. This conversion is the result of the dramatic expansion of fictitious capital, observed in recent decades, which has made it  dominate the latter. Thus, fictitious capital becomes parasitic,  speculative capital. Its hegemony determines the contradictions that  explain the current crises of capitalism.