Global Financial System Influence in Economy Growth Direction. Part 1
The series of papers is the result of the author’s scientific research to identify the global financial destabilization and the loss of the economic growth drivers mutual influence explanatory power. The review of the growth models defined the disappearing of the growth and development objective conditions to achieve the mathematical elegance, regardless of the financial parameter’s availability in the models. Besides, it was defined that the governments, markets and companies had lost their subjectivity in achieving the growth due to the financial contradictions of the global economy. The research is based on the contradiction of objective and subjective parameters of the global growth and financial destruction. The first part focuses on identifying the dissonance in the growth models and its inability to provide and simulate the sustainability of economic growth under the current conditions. The object of this research is the United States as a center of the global financial system. The second part is devoted to the globalization, financialization and informatization negative influence on the global growth. Particular attention was paid to the role of “platform capitalis” in the process of growth financialization driven by the fictitious capital. The research findings might be useful for the growth models updating and for choosing the economic and financial policies of different economic actors. The main trend of retrospective analysis is the financial and platform capitalism which spawned a lot of companies-leaders. At this point, these companies, for the first time in the global history, are preventing another market actor from achieving the economic growth. If nothing changes the world economy will have to choose between these companies or capitalism as a whole.