This article starts from the critical review of the concept of financial capital. I

consider it is necessary not to confuse this category with of financialization, which

has acquired a certificate of naturalization from the rise of neoliberalism. Although

financial monopoly-financial capital is the hegemonic segment of the bourgeoisie in

the major capitalist countries, their dominance does not imply, a fortiori, financialization

of economic activity, since it depends of the conditions of the process reproduction

of capital. The emergence of joint stock companies modified the formation

of the average rate of profit. The “promoter profit” becomes one of the main forms

of income of monopoly-financial capital. It is postulated that financial profit is a

kind of “extraordinary surplus-value” which is appropriated by monopoly-financial

capital by means of the monopolistic control it exerts on the issue and circulation

of fictitious capital.

v. 34, n. 3 (136)