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Capitalism and Beyond?

In: The Core-Periphery Divide in the European Union

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  • Rudy Weissenbacher

    (WU Vienna University of Economics and Business)

Abstract

The concluding chapter revisits capitalist crisis history from the 1970s, which was a crisis of Keynesian capitalism, to the current crisis that started in 2008 and was a crisis of financialized capitalism. This history is embedded in the framework of Giovanni Arrighi’s concept of changes in forms of capitalism combined with hegemonic changes. The main arguments of EDS are summarized as well as the main strand of the successful ideology of financialized capitalism, the neoliberalism of Friedrich Hayek. Finally, the chapter presents considerations of the current ‘terminal crisis’ of capitalism and explores alternative policies drawing on EDS thought.

Suggested Citation

  • Rudy Weissenbacher, 2019. "Capitalism and Beyond?," Springer Books, in: The Core-Periphery Divide in the European Union, chapter 0, pages 275-320, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-28211-0_9
    DOI: 10.1007/978-3-030-28211-0_9
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