By Robert Albritton, Makoto Itoh, Visit Amazon's Richard Westra Page, search results, Learn about Author Central, Richard Westra, , Alan Zuege
In this assortment authors from 8 various nations, representing a wide selection of educational disciplines and theoretical views, examine the differing stages of capitalist improvement. they provide varied and strong analyses of the postwar growth, monetary crises and globalization inside this context.
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Extra resources for Phases of Capitalist Development: Booms, Crises and Globalizations
Sample text
When a state levies taxes and spends them, it stimulates demand which is directed at firms, especially when these taxes are levied upon the segments which tend to save more. If production slows down too much, the state can temporarily spend a little more than it receives, even if that means paying back the debts so accumulated when business improves again. Generally, on average, there is no need for states to go into debt. A sufficiently large community must finance annual collective investments from the income of that year.
While appealing to capital, it is not at all appealing to workers. But nowhere in the genes of capital is it inscribed that what is good for capital is also good for workers, and even less for nature! The new model of development which has triumphed on both sides of the Atlantic, and which we call the `neo-Taylorist', `flexible' or `liberal productivist' model, is much less stable than its predecessor. It is cyclical like capitalism in the nineteenth century, but its transnationalization renders these cycles particularly dangerous.
3 There exists, moreover, a tendency for models of development to cross-breed. ), automobile plants `import', in part, Japanese methods of labour organization, but without attaining a level of competitiveness which would allow them to export their product. 4 On this challenge, see Lipietz (1992b; 1999). 3 The Disintegration of Capitalism: A Phase of Ex-Capitalist Transition John Bell and Thomas T. Sekine Introduction In this chapter we advance a rather unconventional and perhaps even heretical thesis that capitalism, far from being resurgent as many believe, has already disintegrated so that we are no longer living in a capitalist society, properly speaking.