The Financial Collapse of Capitalism

Richard Michael Blaber

No 3jr87, SocArXiv from Center for Open Science

Abstract: This paper will argue that the current level of international debt is a huge ‘bubble’ waiting to burst, and that, if and when it does so, the entire financial structure of global capitalism will collapse, taking capitalism, as such, with it. The mechanism of this collapse, if it occurs, will be a collapse of the international banking system, and complete loss of confidence on the exchange markets in any form of reserve currency – either the US dollar or any putative replacement for it.

Date: 2023-11-23
New Economics Papers: this item is included in nep-ban, nep-hme and nep-ifn
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:3jr87

DOI: 10.31219/osf.io/3jr87

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