Justo Duarte

The evolution of the form of ownership in the contemporary capitalist regime is the subject of this study linked to the pension system. Historically, from individual ownership, we moved on to that of stock companies, and today a new type of ownership has emerged in the form of Pension Funds. It is not the only form of ownership, but it has acquired great importance because of the monetary values that support it and because it constitutes social ownership. This text, therefore, is aimed at showing a phenomenon which, starting from the examination of traditional capitalism, explains the causes of the depersonalization of the capitalist. This is the core of this analysis. That is, pension funds have no direct personal owners but play an increasingly important role in the financial circuits of the world economy, controlling today more than 40 trillion dollars in the 22 most important economies of the world. This is also the case in the Dominican Republic, where the Pension Funds, protected by Law 87-01 on Social Security, is the great economic phenomenon of the last years, modifying the way of existence of Dominican capitalism.