Tokenisation is a form of financial expropriation

Today, we will try to answer the question: “What is the so-called tokenisation of assets“? It is often promoted as a way to democratise finance, a tool that would allow, in the words of the CEO of Coinbase, Brian Armstrong “everyone to have an extra source of income, on top of the one they derive from labour”; a way to allow “4 bln of unbrokered people all over the world to have access to ‘safe assets’”, normally found in the western and especially in the US financial markets. Is there truth in this argument, or are we instead assisting to what Gramsci would define as “the inevitable struggle, for any particular interest, to present itself as the carrier of some sort of universal interest”? What is the social base of such a hegemonic project then? In order to answer this question, we need to carry out a political economy analysis of tokenisation, and in order to that we interviewed professor Radhika Desai, political economist and author of many books, in which she analyses the modern capitalist system with a special focus on what she defines a geopolitical economy approach.