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The State of Capitalism - Economy, Society, and Hegemony (Paperback)
Loot Price: R561
Discovery Miles 5 610
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(10%)
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The State of Capitalism - Economy, Society, and Hegemony (Paperback)
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List price R620
Loot Price R561
Discovery Miles 5 610
You Save R59 (10%)
Expected to ship within 9 - 15 working days
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The health emergency that broke out in 2020 is a landmark event in
the development of capitalism, confirming the underlying change
signalled by the Great Crisis of 2007-9. The Pandemic Crisis has
catapulted the state to the centre of economic activity. However, a
historic impasse is steadily becoming apparent at the core of the
world economy Productive accumulation is flaccid, as both
profitability and labour productivity are weak. Financialisation
has entered a new phase, as "shadow banking" grew relative to other
banks but is entirely dependent on the state. The power of the
state derives from command over fiat money and can certainly
deliver enormous boosts to aggregate demand, but that is not enough
to tackle the weakness of the productive sector. The rise in
inflation for the first time in forty years indicates the impasse.
There is a transparent need for intervention on the supply side,
directly challenging capitalist property rights. There is no
evidence, however, that the ruling blocs in core countries would
engage in such policies. The Pandemic Crisis also brought to the
fore fresh divisions of core and periphery across the world
economy. Imperialism has assumed new forms, spurred by globally
active financial capital and internationalised productive capital.
A renewed contest for hegemony has emerged as US power declined.
The economic challenge of China will unfold steadily in the years
ahead, intensifying political tensions and military rivalries. This
book is the work of a research collective comprising authors from
several parts of the world. It analyses these vital issues from the
perspective of Marxist political economy and puts forth alternative
anticapitalist proposals.
General
Imprint: |
Verso Books
|
Country of origin: |
United Kingdom |
Release date: |
August 2023 |
Authors: |
Costas Lapavitsas
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Dimensions: |
234 x 153mm (L x W) |
Format: |
Paperback
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Pages: |
384 |
ISBN-13: |
978-1-83976-784-5 |
Categories: |
Books
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LSN: |
1-83976-784-7 |
Barcode: |
9781839767845 |
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