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The U.S. economy today: between systemic crisis and permanent war

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  • Rémy Herrera

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper studies the U.S. economy from an original point of view: that of the links existing between crisis and war. The first part analyzes the workings of the current crisis, considered to be a "systemic" one. The second part places the U.S. economy at the very heart of this crisis. The third part emphasizes the limitations of the anti-crisis policies that are being implemented, as well as the "currency war" issue. Then, the central focus moves towards U.S. warfare as a permanent feature. In a fifth part, the author examines the control exercized by finance capital on the military sector, including military-industrial complex and privately owned military companies. And finally, it examines how these links between crisis and war exacerbe the current capitalist contradictions.

Suggested Citation

  • Rémy Herrera, 2013. "The U.S. economy today: between systemic crisis and permanent war," Post-Print halshs-00801117, HAL.
    • Handle: RePEc:hal:journl:halshs-00801117
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00801117
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    File URL: https://shs.hal.science/halshs-00801117/document
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    References listed on IDEAS

    as
    1. Joëlle Cicchini & Rémy Herrera, 2008. "Sociétés militaires privées : la guerre par procuration ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00764024, HAL.
    2. Rémy Herrera, 2011. "A Critique of Mainstream Growth Theory: Ways Out of the Neoclassical Science (-Fiction) and Toward Marxism," Research in Political Economy, in: Revitalizing Marxist Theory for Today's Capitalism, pages 3-63, Emerald Group Publishing Limited.
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    More about this item

    Keywords

    military sector; defence; war; United States; crisis; Etats-Unis; secteur militaire; défense; guerre; crise; finance;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance

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