The Impact of Financialisation on Public Health in Times of COVID‐19 and Beyond

Giorgos Gouzoulis*, Giorgos Galanis

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)peer-review

Abstract

The substantial literature in political economy and sociology has shown that the increasing importance of financial activities (financialisation) exhibits significant effects on many socioeconomic conditions. While these conditions are relevant to public health, the dominant focus of the literature has been centred on the impact of financial markets on health services and health-care systems. This paper analyses how the financialisation of non-financial corporations, real estate and pensions can worsen public health through the transformation of workplace and living conditions as well as financially dependent social groups' perception of health risk. Our analysis raises several questions which aim to provide the basis of a future research agenda on the effects of financialisation on public and global health.
Original languageEnglish
Pages (from-to)1328-1334
Number of pages7
JournalSociology of Health and Illness
Volume43
Issue number6
Early online date11 Jun 2021
DOIs
Publication statusPublished - Jul 2021

Bibliographical note

Funding Information:
We have not received any funding for this work. We are grateful to Antonio Andreoni, Adam Hanieh, Stefanos Ioannou and participants of the Open University Business School's History and Political Economy of Business and Finance (HYPE) webinar series for their valuable feedback on earlier versions. We would also like to thank two anonymous reviewers for their constructive comments that substantially improved the paper. The usual disclaimer applies.

Publisher Copyright:
© 2021 The Authors. Sociology of Health & Illness published by John Wiley & Sons Ltd on behalf of Foundation for SHIL (SHIL).

Keywords

  • financialisation
  • inequalities
  • public health

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