Crisis and capital
Even if it is admitted that it is unfeasible to try to summarize or even classify the immense – and growing – literature that deals with the economic turbulence of the last eighteen months, it seems possible to identify at least one of the elements that characterizes it in general terms: its emphasi...
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| Format: | Online |
| Language: | Portuguese |
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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/19415 |
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| Summary: | Even if it is admitted that it is unfeasible to try to summarize or even classify the immense – and growing – literature that deals with the economic turbulence of the last eighteen months, it seems possible to identify at least one of the elements that characterizes it in general terms: its emphasis on the dimension financial. It involves, with few exceptions, attributing and circumscribing the causes of this recession to a development with a specific origin: the euphoria – or speculation – in the North American real estate sector associated with the lack of institutional controls that would prevent its spread. Although this approach is understandable in termsof a theory that aims for uninterrupted growth capitalism, it seems inconsistent with medium and long-term empirical evidence. In other words, with the continuous ups and downs that have characterized practically all capitalist economies up to the present moment. |
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| ISSN: | 0104-9321 |
