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Krise und Kontinuität des finanzdominierten Akkumulationsregimes

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  • Sablowski Thomas

    (Frankfurt am Main)

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.

Suggested Citation

  • Sablowski Thomas, 2011. "Krise und Kontinuität des finanzdominierten Akkumulationsregimes," ZFW – Advances in Economic Geography, De Gruyter, vol. 55(1-2), pages 50-64, October.
    • Handle: 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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