The Crisis of a Postwar Logic of Global Accumulation

Rubens R. Sawaya, José Rubens Damas Garlipp

Research output: Contribution to journalArticle

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Abstract

In this article, we explore the idea that the current financial crisis is a manifestation
of the exhaustion of the global capital accumulation process, a process that was established
after World War II and based on the principle of globalization. The first signs of this exhaustion
appeared in the 1970s. The liberalizing solutions the capital itself has imposed since then in order
to maintain profitability have permitted, on one hand, a certain amount of global productive
restructuring, but, on the other, have created many opportunities for the fictitious valorization
of capital that is now erupting in crisis.
Original languageEnglish
Pages (from-to)441-460
Number of pages20
JournalWorld Review of Political Economy
Volume2
Issue number2
Publication statusPublished - 2011
Externally publishedYes

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capital accumulation
profitability
World War II
financial crisis
globalization

Keywords

  • current financial crisis
  • global capital accumulation process
  • globalization

Cite this

Sawaya, R. R., & Garlipp, J. R. D. (2011). The Crisis of a Postwar Logic of Global Accumulation. World Review of Political Economy, 2(2), 441-460.

The Crisis of a Postwar Logic of Global Accumulation. / Sawaya, Rubens R. ; Garlipp, José Rubens Damas .

In: World Review of Political Economy, Vol. 2, No. 2, 2011, p. 441-460.

Research output: Contribution to journalArticle

Sawaya, RR & Garlipp, JRD 2011, 'The Crisis of a Postwar Logic of Global Accumulation', World Review of Political Economy, vol. 2, no. 2, pp. 441-460.
Sawaya, Rubens R. ; Garlipp, José Rubens Damas . / The Crisis of a Postwar Logic of Global Accumulation. In: World Review of Political Economy. 2011 ; Vol. 2, No. 2. pp. 441-460.
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