Over-accumulation as the Main Source of Capitalist Crises

Christa Luft

Research output: Contribution to journalArticle

Abstract

"The purpose of this article is to present empirical data and a conceptual framework for the development of finance during the last three decades, to shed some light upon the main groups of financial investors as the central actors in finance-led capitalism and to show how their strategies affect economic and social stability; finally to make some remarks on alternatives and paths to overcome capitalist crisis. The main point is the reduction of financial over-accumulation. This requires more than stopping the greed of managers, forbidding hedge funds or controlling financial activities more strictly. Essential in the long run is the break with the capitalist system and the creation of a system of solidarity/democratic socialism."
Original languageEnglish
Pages (from-to)238-249
JournalWorld Review of Political Economy
Volume1
Issue number2
Publication statusPublished - 2010
Externally publishedYes

Fingerprint

Finance
Capitalist systems
Economics
Conceptual framework
Investors
Managers
Empirical data
Capitalism
Hedge funds
Socialism
Solidarity
Greed

Keywords

  • financial market
  • real economy
  • over-accumulation
  • capitalist crisis
  • solidarity

Cite this

Over-accumulation as the Main Source of Capitalist Crises. / Luft, Christa .

In: World Review of Political Economy, Vol. 1, No. 2, 2010, p. 238-249.

Research output: Contribution to journalArticle

Luft, Christa . / Over-accumulation as the Main Source of Capitalist Crises. In: World Review of Political Economy. 2010 ; Vol. 1, No. 2. pp. 238-249.
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