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Journals / Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi / 2012 / Cilt: 34 - Sayı: 1

The failure of financialised capitalism

Finansallaşan kapitalizmin başarısızlışı

Ayhan UÇAK
Pages
141–154
Publication Date
2022-10-19
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The depression peculiar to capitalism is internal and the requirement of escaping from the depression is living it with all results.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The global economy has been living its worst crisis since the 1929 Great Depression.
📊
Key Findings & Data:This paper argues that the current global crisis is the reflection of the financialization process which has been derived from the falling profit rates in the world economies following a long expansion period of capitalism after the Second World War.
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Conclusion & Impact:The depression peculiar to capitalism is internal and the requirement of escaping from the depression is living it with all results.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

The global economy has been living its worst crisis since the 1929 Great Depression. This paper argues that the current global crisis is the reflection of the financialization process which has been derived from the falling profit rates in the world economies following a long expansion period of capitalism after the Second World War. We see the financialization as a new capitalist accumulation process. Today, the phenomenon known as financial collapse is in fact a result of depression in production. The depression peculiar to capitalism is internal and the requirement of escaping from the depression is living it with all results.

Özet

Küresel ekonomiler 1929 Büyük Bunalımından sonraki en şiddetli krizini yaşamaktalar. Bu çalışma, mevcut krizin, II. Dünya Savaşından sonraki uzun genişleme dönemini izleyen kâr oranlarındaki düşüşlerden kaynaklanan finansallaşma sürecinin bir yansıması olduğunu ileri sürmektedir. Finansallaşma yeni bir kapitalist birikim tarzı olarak görülmektedir. Bugün, finansal kriz olarak görülen olgunun aslında üretimde yaşanan bunalımın bir sonucu olduğu çalışmada yer almaktadır. Kapitalizme özgü bu bunalım içseldir ve depresyondan çıkışın şartı onu bütün sonuçları ile yaşamaktır.

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Cite This Article

UÇAK, A. (2022). The failure of financialised capitalism. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, Cilt: 34 - Sayı: 1, 141–154. https://ajindex.com/articles/578702

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