Stagnation and Financialization: The Nature of the Contradiction

Stagnation and Financialization: The Nature of the Contradiction

The stagnation-financialization contradiction can be understood by studying the accumulation of capital. Reports show that the capitalist world's core economies are still crisis-ridden more than six years after the start of the United States' Great Recession. The importance of focusing on...

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Veröffentlicht in:Monthly review (New York. 1949) 2014-05, Vol.66 (1), p.1-24
Hauptverfasser: Magdoff, Fred, Foster, John Bellamy
Format: Artikel
Sprache:eng
Schlagworte:
Capitalism
Contradictions
Economic conditions
Economic growth
Economic Recession
Economic stagnation
European Union
Expenditures
Forecasts and trends
Japan
Market trend/market analysis
Portugal
Recessions
Spain
United States economic conditions
United States of America
World System Theory
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Zusammenfassung:The stagnation-financialization contradiction can be understood by studying the accumulation of capital. Reports show that the capitalist world's core economies are still crisis-ridden more than six years after the start of the United States' Great Recession. The importance of focusing on a new epoch of world-historical transformation is also discussed.
ISSN:0027-0520
0027-0520
DOI:10.14452/MR-066-01-2014-05_1