The 15M and the Financialization of Spanish Society

  • Armando Fernández-Steinko


Initially, the 15M Movement seemed to be a conventional protest against social cuts provoked by the 2008 crisis, but it turned out to be the starting point of a radical change in the Spanish political climate. The accumulation of discrepancies between the democratic nature of the Spanish political system and the finance-driven nature of its economic system is crucial to account for the 15M’s success. The traditional strategies of Spanish families when confronting structural unemployment since the 1980s, which include important investments in real estate and a strong intergenerational solidarity, are also of outstanding importance. This chapter concludes with a brief discussion about the relationship between the 15M Movement and the traditional contradiction between capital and labor.


Economic crisis Family Financialization Left-wing parties Real estate Social movements Spain 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Armando Fernández-Steinko
    • 1
  1. 1.Complutense University of MadridMadridSpain

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