The crisis of overaccumulation
Far from being the recent and almost fortuitous phenomenon portrayed by most ongoing analyses,1 which prefer to focus on immediate causes, as well as those related to the choices of private and public agents, the current crisis is an ancient, systemic process, whose roots date back to the 1970. Also...
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Universidade Estadual de Campinas. Instituto de Filosofia e Ciências Humanas
2009
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| Online Access: | https://econtents.sbu.unicamp.br/inpec/index.php/cma/article/view/19409 |
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| author | Grespan, Jorge Grespan, Jorge |
| author_facet | Grespan, Jorge Grespan, Jorge |
| author_sort | Grespan, Jorge |
| collection | Portal da Incubadora de Periódicos Científicos, Acadêmicos e Educacionais |
| container_reference | Crítica Marxista; Vol. 16 No. 29 (2009); 11-17 |
| description | Far from being the recent and almost fortuitous phenomenon portrayed by most ongoing analyses,1 which prefer to focus on immediate causes, as well as those related to the choices of private and public agents, the current crisis is an ancient, systemic process, whose roots date back to the 1970. Also at that time, there were cyclical problems, such as the “oil crises”. But what began there, in fact, was a period of stagnation in investments, with a persistent drop in the average rate of profit and devaluation of capital in the United States economy, coordinator of the global commercial and financial system. The movement broad and deep only did not reveal its character on a global scale at that time, because Japan and Western Europe were still expanding as a result of the post-war recovery. And when stagnation also began in those parts, in the 1990s, the United States once again signaled a return to growth: it was the time of the “new economy”, based on the dizzying creation of robotics and information technologies; the “end of work”, which would have given way to science in the production of value; of “neoliberalism”, renewing the old belief in the self-regulation of markets, for which the State should play a minimal economic role, therefore privatizing public assets as much as possible. |
| first_indexed | 2025-10-08T14:25:24Z |
| format | Online |
| id | ojs-article-19409 |
| institution | Universidade Estadual de Campinas |
| issn | 0104-9321 |
| language | por |
| last_indexed | 2025-10-08T14:25:24Z |
| publishDate | 2009 |
| publisher | Universidade Estadual de Campinas. Instituto de Filosofia e Ciências Humanas |
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| spelling | ojs-article-194092024-08-22T19:48:13Z The crisis of overaccumulation A crise de sobreacumulação Grespan, Jorge Grespan, Jorge Ciclo econômico Crise Econômica Capitalismo contemporâneo Teoria do valor Economic cycle Economic crisis Contemporary capitalism Value theory Far from being the recent and almost fortuitous phenomenon portrayed by most ongoing analyses,1 which prefer to focus on immediate causes, as well as those related to the choices of private and public agents, the current crisis is an ancient, systemic process, whose roots date back to the 1970. Also at that time, there were cyclical problems, such as the “oil crises”. But what began there, in fact, was a period of stagnation in investments, with a persistent drop in the average rate of profit and devaluation of capital in the United States economy, coordinator of the global commercial and financial system. The movement broad and deep only did not reveal its character on a global scale at that time, because Japan and Western Europe were still expanding as a result of the post-war recovery. And when stagnation also began in those parts, in the 1990s, the United States once again signaled a return to growth: it was the time of the “new economy”, based on the dizzying creation of robotics and information technologies; the “end of work”, which would have given way to science in the production of value; of “neoliberalism”, renewing the old belief in the self-regulation of markets, for which the State should play a minimal economic role, therefore privatizing public assets as much as possible. Longe de ser o fenômeno recente e quase fortuito retratado pela maioria das análises em curso,1 que preferem enfocar causas imediatas, além de relacionadas a escolhas de agentes privados e públicos, a crise atual é um processo sistêmico, antigo, cujas raízes remontam à década de 1970. Também nessa época ocorriam problemas conjunturais, como as “crises do petróleo”. Mas o que começou ali, de fato, foi um período de estagnação dos investimentos, com queda persistente na taxa média de lucro e desvalorização de capital na economia dos Estados Unidos, coordenadora do sistema comercial e financeiro mundial. O movimento amplo e profundo só não revelou já então esse seu caráter em escala mundial, porque Japão e Europa Ocidental vinham em uma expansão ainda decorrente da retomada do pós-guerra. E quando a estagnação começou também por aqueles lados, na década de 1990, outra vez os Estados Unidos sinalizavam uma volta ao crescimento: foi o tempo da “nova economia”, baseada na criação vertiginosa de tecnologias de robótica e informação; do “fim do trabalho”, que teria dado lugar à ciência na produção de valor; do “neoliberalismo”, renovador da velha crença na autorregulação dos mercados, para a qual o Estado deveria desempenhar um papel econômico ínfimo, privatizando ao máximo, por isso, o patrimônio público. Universidade Estadual de Campinas. Instituto de Filosofia e Ciências Humanas 2009-10-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Text Texto application/pdf https://econtents.sbu.unicamp.br/inpec/index.php/cma/article/view/19409 10.53000/cma.v16i29.19409 Crítica Marxista; Vol. 16 No. 29 (2009); 11-17 Crítica Marxista; v. 16 n. 29 (2009); 11-17 2966-0165 0104-9321 por https://econtents.sbu.unicamp.br/inpec/index.php/cma/article/view/19409/13897 World; Contemporary Mundo; Contemporâneo Copyright (c) 2009 Jorge Grespan https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | Grespan, Jorge Grespan, Jorge Ciclo econômico Crise Econômica Capitalismo contemporâneo Teoria do valor Economic cycle Economic crisis Contemporary capitalism Value theory The crisis of overaccumulation |
| title | The crisis of overaccumulation |
| title_full | The crisis of overaccumulation |
| title_fullStr | The crisis of overaccumulation |
| title_full_unstemmed | The crisis of overaccumulation |
| title_short | The crisis of overaccumulation |
| title_sort | crisis of overaccumulation |
| topic | Ciclo econômico Crise Econômica Capitalismo contemporâneo Teoria do valor Economic cycle Economic crisis Contemporary capitalism Value theory |
| url | https://econtents.sbu.unicamp.br/inpec/index.php/cma/article/view/19409 |
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