The central position of finance capital is going to come to an end, and it’s going to steadily move to the sides, the margins of our society, transformed from being a master into a servant, a servant to the productive economy and of human needs.

Mulgan is arguing for a rebalancing of modern capitalism in which finance stops dominating social priorities and instead becomes an enabling tool. The “central position” of finance capital suggests an era—especially visible around the global financial crisis and its aftermath—when financial institutions, markets, and speculative incentives shaped policy and everyday life. His prediction that finance will move to the “margins” frames a normative shift: finance should be subordinated to the “productive economy” (investment in goods, services, innovation, and jobs) and to “human needs” (wellbeing, social goals, public value). The master/servant metaphor implies both moral critique and institutional redesign: regulation, incentives, and ownership structures should make finance accountable to broader societal ends.