According to Arrighi's systemic cycles of accumulation, it is inevitable that hegemonic powers will eventually turn to a finance phase of capitalism.

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Arrighi's theory of systemic cycles of accumulation suggests that hegemonic powers, after a period of material expansion, inevitably enter a phase of financial expansion or a finance phase of capitalism, where financial activities become dominant over production and trade. This transition is part of the cycle of rise and decline of hegemonic powers.

According to Arrighi's Systemic Cycles of Accumulation, It Is Inevitable