Globalisierung und die politische Regulierung von Finanzmärkten
In the current debate on globalisation the concept of “Re-embedding” plays a prominent role. The authors criticise this term - which derives from Karl Polanyi - and confront it with the approach of “regulation theory”. Regulation theory offers a more precise way of analysing the actual transformation processes as well as the possibilities and limitations of political and intentional regulation. It is argued, that in the emerging postfordist mode of regulation „the political“ does not stand opposite „the economic“ but both spheres have a contradictory relationship: The political sphere develops institutional ensembles which enable the creation and stabilisation of markets. This relationship is demonstrated by the transformation of the societal relationships with nature especially the conflicting field of biodiversity politics.