Financialisation And Land Grabbing – A Post-Keynesian Perspective

Contemporary land grabbing is a multidimensional and multilevel problem on a global scale, with numerous negative economic, social and environmental consequences. The goal of the article is to present this issue from a Post-Keynesian perspective, namely as driven by financialisation, which in turn lies in the endogenous creation of credit money and technological innovations. The analysis carried out in the article indicates that attempts to solve the problem of land grabbing should be focused on its root causes and concentrate on limiting the increase in money supply created “ex nihilo”, and better control of access to new technologies and their use in domestic as well as international trading in land. Actions, focused solely on the fight against land acquisition as the last link in the entire cause-and-effect chain, will not have long-term positive effects.