Financialization, international capital mobility and primitive accumulation: triple monsters eating up livelihoods

Using the basic principles of Marxist economics, this paper portrays how financialisation of capital and international capital mobility have come about, over the last thirty years, for capital to make super profits. The paper also explains how in the process these two phenomena have worsened the plight of labour. If we also consider the side by side primitive accumulation that has been going on in terms of plunder of resources and the means of production owned and controlled by people, then these three forces constitute the dynamic of livelihoods destruction of  economic predation  institutionalised under neoliberalist politics and economics. In the event of the great contraction ahead due to dwindling of hydrocarbon reserves, catabolic capitalism could be the most profitable, short-term alternative for those in power.