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      ORGANIC CRISIS AND CAPITALIST TRANSFORMATION

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      World Review of Political Economy
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            Abstract

            Boom! The crisis is over. But great structural or "organic" crises run in different conjunctures and with a series of fractures. Therein lies an accumulation of molecular changes and an agglomeration of diverse elements of crisis. The crisis meanders and moves its course. By the fall of 2010 we have already seen four conjunctures: Financial crisis, global economic crisis, debt crisis, crisis of representation. A fifth and sixth act are imminent. The crisis is now entering the next round. Because even the basic economic causes of the crisis are not being faced in principle—not to mention the other dimensions of the multiple crisis. On the contrary, the form of dealing with the crisis respectively prepares a next phase of crises. Neoliberalism has lost its propulsive social function. There's a lack of expansion-and development-opportunities to come to both, the needs of accumulation, as well as the social needs of the population to improve their situation or at least their need for prospects. The promises have been broken. The active support of the people has begun to crumble. We are entering another transformation of capitalism.

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            Author and article information

            Journal
            worlrevipoliecon
            10.2307/j50005553
            World Review of Political Economy
            Pluto Journals
            2042891X
            1 April 2011
            : 2
            : 1
            : 48-65
            Article
            10.2307/41931917
            1452cfcd-8a81-47ec-9581-cbf79d4a8787
            © WORLD ASSOCIATION FOR POLITICAL ECONOMY 2011

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            Political economics

            Notes

            1. Altvater and Mahnkopf (1996: 250) Candeias (2004/09: 144ff).

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