capitalcentrism
Capitalcentrism is a term used in political economy to describe a mode of organizing economic and social life around the primacy of capital accumulation and market valuation. In a capitalcentric framework, decisions about investment, production, governance, and public policy are judged primarily by their effects on capital owners, investors, and financial markets, with returns on capital treated as the principal measure of value. This orientation tends to shape laws, regulatory regimes, corporate governance, and public institutions to privilege property rights, contract enforcement, and market-based mechanisms.
Origins and usage: The term is an analytic category employed by scholars and critics of neoliberalism and
Impacts and critique: Proponents argue capitalcentrism can promote efficiency, innovation, and growth through competitive markets. Critics
Related concepts include capitalism, neoliberalism, shareholder value, financialization, and market fundamentalism.