Formation of Financial Capital in the Russian Society in the Context of Socio-Structural Changes


  •  Yury Yurievich Volkov    
  •  Azamat Khaseynovich Lyuev    
  •  Magomedgabib Gasankhanovich Magomedov    

Abstract

The article deals with the formation of financial capital in the context of socio-structural changes, focusing attention on the social consequences and the results of this process. The analyzed article considers the problem of formation of financial capital in the Russian society in the circumstances of socio-structural shifts. Based on the results of sociological research, the author concludes that the social structure of the Russian society “forces” financial capital to behave according to the “accumulation” logic. This behavior is determined, on the one hand, by the lack of financial resources of the population for the development of social and investment practices, and on the other hand, by the financial community emergence on the basis of vertically integrated social ties, which is affected by the socio-stratifying role of finance. In the current circumstances, the formation of the financial capital subjectivity is affected by the lobbying in the government and establishment of corporate structures oriented to a financial monopoly in the Russian society. The authors show that the impact of financial capital in the social structure of the Russian society manifests itself in two forms. Firstly, in the fact that the financial component of the social property division becomes a priority in the circumstances of monetization of public relations and consumer code of conduct. Secondly, finance is associated with exemption from financial dependence, from the need, which is a powerful incentive for the lending system.



This work is licensed under a Creative Commons Attribution 4.0 License.
  • ISSN(Print): 1918-7173
  • ISSN(Online): 1918-7181
  • Started: 2009
  • Frequency: quarterly

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