Acessibilidade / Reportar erro

The final stage of capital: the crisis and the domination of finance capital in the world

Within the limitations of this article the authors analyzed various elements of the wave of transformations which have occurred in the scope of the world's capitalist economy over recent decades. These transformations have led to measures against trends aimed at blocking and overcoming the structural crisis resulting from stagnation after a long period of post-World War II growth. In contradiction, at a time in which the changes that were introduced have proven to be powerful leveraging tools for innovation in the production and finance arenas, their content is also thoroughly regressive. Capitalism has undergone a profound transformation, but without the consolidation of a solid new base to increasingly reward big capital in order to replace the cycle which ended in the early 1970s. The "underdeveloped" and "emerging" countries reproduce, with some particularities, these contradictions under the domination of financial capital. Thus, capitalism's new model of reproduction currently shows visible limits. It prolongs the organic crisis which is developing regressions which threaten human destiny, but not without creating new bases for overcoming anti-capitalism.

Profound crisis; Financial capital; Decreasing profits; Emerging countries; Alternative base for accumulation


Universidade Federal da Bahia - Faculdade de Filosofia e Ciências Humanas - Centro de Recursos Humanos Estrada de São Lázaro, 197 - Federação, 40.210-730 Salvador, Bahia Brasil, Tel.: (55 71) 3283-5857, Fax: (55 71) 3283-5851 - Salvador - BA - Brazil
E-mail: revcrh@ufba.br