000 01662cam a2200217 4500500
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041 _afre
042 _adc
100 1 0 _aHusson, Michel
_eauthor
245 0 0 _aNeoliberalism: The Highest Stage?
260 _c2012.
500 _a78
520 _aThe deepening of the crisis is obvious. This article demonstrates the systemic nature of the crisis, using a long-term perspective. The substitution of neoliberal capitalism for “Fordist” capitalism can be seen as a reaction to the previous crisis which crystallised in the mid-1970s. With each of these periods can be associated specific modes of functioning, based on relatively coherent configurations. But neither one was really “sustainable.” The fall of the profit rate blew the earlier configuration to smithereens. The second configuration required the continuation of tendencies that eventually met their limits. The article describes these two configurations by way of a “synthetic indicator” of the main variables accounting for the basic parameters of capitalist dynamics. The main conclusion is that the potential inherent in these dynamics has now been exhausted, at least within the “old” capitalist countries. The article raises the issue of a potential continuation of such dynamics within “emerging” countries.
690 _aregulation theory
690 _aold capitalism
690 _aneoliberalism
690 _aemerging capitalism
690 _aFordism
786 0 _nActuel Marx | o 51 | 1 | 2012-05-30 | p. 86-101 | 0994-4524
856 4 1 _uhttps://shs.cairn.info/journal-actuel-marx-2012-1-page-86?lang=en&redirect-ssocas=7080
999 _c450758
_d450758