2021/01/14 by Ana Carolina Cordilha · 3 citations
Economics, Econometrics and Finance · Health Professions · Social Sciences · #Global Health Care Issues #Housing, Finance, and Neoliberalism #Political and Economic history of UK and US
paper · pdf · doi:10.1080/00346764.2020.1870710
crossref issued 2021/01/14 · crossref published 2021/01/14 · crossref published-online 2021/01/14 · openalex publication_date 2021/01/14 · crossref created 2021/01/15 · openalex created_date 2021/02/01 · crossref published-print 2023/04/03 · crossref deposited 2023/05/08 · crossref indexed 2026/08/01 · openalex updated_date 2026/08/02
Public Health Systems (PHS) are under continuous transformation in line with economic, political, and ideological changes in capitalist economies. The current stage of capitalism is underpinned by the process of financialization, meaning an increasing dominance of financial actors, markets, practices, measurements, and narratives over other agents, including the State. This article examines how financialization has been reshaping PHS, with an in-depth study of the French case. First, we suggest how to incorporate the concept of financialization into the research on PHS transformation. We then apply this concept to reassess the trajectory of the French system from the 1990s onwards. We show the increasing participation of financial capital for long-term, short-term, and infrastructure financing, occupying roles previously fulfilled by the public sector. We then discuss how the adoption of financialized strategies led to shifts in how public actors behave, and the potentially adverse effects for solidarity, stability, and democratic participation.