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This thesis investigates whether professionals on the global financial markets, such as investment bankers, traders, and analysts, form a global social class.
Over recent decades, rising inequality has reinvigorated interest in issues of class. Despite the experience of world-wide economic crises demonstrating the global reach of the contemporary economy, the research areas of globalisation and class remain surprisingly disengaged from each other. Especially the question of global class formation remains underexplored.
The first part of this thesis examines why the issue of globalisation remains a niche within research on class. Therefore, the theoretical foundations of the dominant approaches to class are investigated, identifying the causes for the implicit “methodological nationalism” of modern mainstream class analysis in the underlying theories of the economy and social action. Vice-versa, an examination of globalisation theory shows that similar obstacles persist in the theoretical reasoning on inequality from a global perspective, precluding a conceptualisation of global class formation. In dialogue with the few existing approaches to conceptualize class on a global level, a framework for the study of global class formation based on Pierre Bourdieu’s notion of social fields is developed.
In part two of the thesis this framework is employed to examine empirically, whether the global field of finance is currently the source for the formation of a global financial class. The field of finance as the most globalised economic sector is a paradigmatic case for studying the formation of a global class. An interview study on the career trajectories of financial professionals from Frankfurt and Sydney uncovers that despite the legacy of national economic specificities on the institutional level, financial actors draw in their social praxis on global forms of social, cultural, and economic capital and have developed a common culture, worldview, praxis, and habitus, delineating the formation of a global financial class.
Angesichts globaler Krisendiagnosen setzen einige Aktivist*innen nicht primär auf Reformen innerhalb der bestehenden Verhältnisse – sie träumen von einer komplett anderen Ordnung. Oftmals ziehen sie sich deswegen aus bestehenden Institutionen und dem Alltag der Mehrheitsgesellschaft zurück. Anstelle von Eskapismus kann es sich bei ihrem Rückzug aber auch um radikalen Widerstand handeln. Philip Wallmeier stellt ein Netzwerk an Aktivist*innen in den Mittelpunkt seiner empirischen Studie, die zwischen den frühen 1970er Jahren und der Jahrtausendwende in den USA in »Kommunen«, »intentionale Gemeinschaften« und »Ökodörfer« zogen. Die Analyse zeichnet die historischen Veränderungen nach und beschreibt anschaulich, welche Widersprüche sich in der Praxis für die Aktivist*innen bei dem Versuch ergaben, alternative Lebensformen zu entwickeln, um so die Verhältnisse grundlegend zu transformieren.