Krise und Kontinuität des finanzdominierten Akkumulationsregimes

Sablowski Thomas
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Sablowski Thomas: Frankfurt am Main

ZFW – Advances in Economic Geography, 2011, vol. 55, issue 1-2, 50-64

Abstract: Crisis and continuity of the finance-led regime of accumulation. Does the current global economic crisis lead to a change in the mode of development of capitalism? To examine this question the global, finance-led regime of accumulation is examined. The changing balance of class forces with the decline of the share of wages in GDP reinforces the tendency towards overproduction and leads to a rising indebtedness of wage-earners. International current account imbalances and the growing indebtedness of states are further triggers of the expansion of financial markets as well as moments of the current crisis. Crisis management so far rather points to the continuity of the finance- led regime of accumulation - with the prospect of further crises in the near future.

Keywords: crisis of 2007-2010; finance capital; finance-led regime of accumulation; financialisation; global imbalances; overaccumulation; overproduction; regulation theory; wage relation; crisis of 2007-2010; finance capital; finance-led regime of accumulation; financialisation; global imbalances; overaccumulation; overproduction; regulation theory; wage relation (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:zfwige:v:55:y:2011:i:1-2:p:50-64:n:5

DOI: 10.1515/zfw.2011.0005

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