Finance Capital in Kıvılcımlı: An Original Class Analysis on Turkey and its Political
Consequences

Akif Ulaş Bilgiç

In the last decades, the concept of finance capital is on the agenda. Therefore the present
study aims to examine the accent of Kıvıcımlı on the concept of finance capital.  Kıvılcımlı is
one of the most interesting figures in Turkish Left, and this paper is mostly concerned with
the reflections of this concept on his political strategies. Between 1960 and 1970, the most
important agenda of Turkish Left was the question of revolutionary strategy which is closely
related to the class structure of Turkey. In his writings Kıvılcımlı claims that, from the
beginning of 1930’s the ruling class in Turkey has been the finance capital.  In the first part
of the study, Kıvılcımlı’s understanding of finance capital is summarised. This is basically
built upon the analysis of Lenin’s study, Imperialism: The Highest Stage of Capitalism. After
the overall summary, Kıvılcımlı’s way of thinking on Turkey’s class structure and his
tendencies on the question of revolution in Turkey is tried to be shown. The last section
deals with the similarities and differences between Kıvılcımlı and the major waves of Turkish
Left, such as National Democratic Revolution.