Cover image for Beyond the Systemic Crisis and Capital-Led Chaos : Theoretical and Applied Studies.
Beyond the Systemic Crisis and Capital-Led Chaos : Theoretical and Applied Studies.
Title:
Beyond the Systemic Crisis and Capital-Led Chaos : Theoretical and Applied Studies.
Author:
Herrera, Remy.
ISBN:
9783035264432
Personal Author:
Physical Description:
1 online resource (264 pages)
Series:
Business and Innovation ; v.9

Business and Innovation
Contents:
Cover -- Foreword -- Contents -- Introduction -- Part I: General Framework -- Chapter 1: The Struggle for a New Civilization Challenges and Threats -- Introduction -- The Globalist Anglo-American Forces and the Euro -- The Anglo-American Forces and the Dollar -- How to Save the People or the Struggle for a New Civilization -- How to Confront Bankers -- How to Engineer the Change in History -- References -- Chapter 2: A Critique of the Hegemonic Ideology and its Roots -- Introduction -- The Neighbours Iland and Weland -- An Overview of the Iland Economy -- An Overview of the Weland Economy -- Divide to Explain: Iland versus Weland -- Ideology, Labour and Power -- Dual Dimensionality of Goods -- Aristotelian Thinking -- Dialectical Thinking -- The Iland Ideology -- The Weland Ideology -- Divide the Enemy and Join the Ally to Govern in a Minority -- Diffuse Power to Govern in a Majority -- Conclusion -- References -- Part II: Global Problems -- Chapter 3: The Great Depression of the 21st Century and the Military-Industrial Complex -- Productive and Non-Productive Labour and the Military-Industrial Complex -- Arms Exports as a Transfer of Non-Productive Expenditures -- US Defence Spending in the 21st Century -- Military Spending, Economic Growth and Hegemony -- Perestroika Revisited -- The Necessity for a 'Perestroika' in the West -- Geostrategy of the Financial Elite in the Past -- Financial Elite's Present Geostrategy -- Global Perspective -- The Strategic Location and Role of Latin America and the Caribbean -- Disconnections and Reconnections in Crisis Time -- References -- Chapter 4: Is a 'New Green Deal' an Alternative? -- Sustainable Growth: A Myth or Reality? -- The Limits of Growth -- Agro-Fuels: Speculating with Hunger -- Towards an Economy in Favour of Life -- The Transition Moment -- Positive Growth in the South and Negative in the North.

References -- Part III: Rebuilding Theory -- Chapter 5: Fictitious Capital and Fictitious Profit -- From Illusory Capital to Parasitic Speculative Capital -- About Fictitious Profit -- Surplus Value, Capitalist Economic Surplus and Fictitious Profit -- Public Debt and Derivate Markets -- Something More about Fictitious Capital -- The Two Critical Visions of the Capitalist Future -- References -- Chapter 6: The Great Depression of the 21st Century and Fictitious Wealth: On the Theoretical Categories of Fictitious Capital and Fictitious Profit -- Introduction -- Marxist Interpretation and the Theory of Value -- What Is the Nature of Capitalist Wealth? -- Fictitious Wealth -- Illusory and Fictitious Capital -- Forms of Existence of Fictitious Capital -- Money -- The Case of Debentures and the Increase in Public Debt -- The Conversion from Fictitious to Material Capital and Vice Versa -- Fictitious Profit -- Appendix -- Notes on the Ridiculous Idea of Human Capital -- References -- Part IV: Analytical Approaches to Rebellions and Struggles -- Chapter 7: The Dialectical Unity of Capital and Non-Capital: The Role of Overpopulation in Popular Rebellion Today -- Theoretical Framework -- Labour Force Reproduction in a Predominantly Non-Capitalist Environment -- The Orgiastic Phase of Capital: High Labour Force Replacement Capacity -- The Stagnation of High Replacement Capacity: The Road to Revolution -- The Economic Base of Bourgeois Reformism and the Limits of Replacement Capacity -- Differential Replacement Capacity in Male and Female Labour Forces -- International Migration, the Last Resort for Generational Replacement -- The Reverse Path: Towards Greater Replacement Capacity on a Global Scale -- Final Considerations -- References -- Chapter 8: Notes on the Class Struggle in Late Capitalism -- On the Structural Limits of Capitalism.

On Attempts to Escape the Limits: 'The Class Struggle' from Above -- On the Persistence of Limits: Degenerative Capitalism -- References -- Part V: China: A Case Study -- Chapter 9: Financial System and 'Chinese-style Market Socialism' -- What is the Place of Market Finance in a System that Remains Based on Credit? -- Are Financial Markets More Efficient in Allocating Resources than Banking Credit? -- Do the Chinese State-owned Enterprises Have to Be Managed as Private Companies? -- Should the Interest Rates Be Completely Liberalized? -- Should Chinese Banks Be Universal Banks? -- Should the Renminbi Be Internationalized? -- References -- Chapter 10: Some Problems (and Paradoxes) Related to the Internationalization of China's Economy -- Introduction -- 'Emergence', Growth, and Crises -- Exportations, Exchange Rate and 'Imperialism' -- Conclusion -- References -- Conclusion -- Editors and Contributors.
Abstract:
The current crisis is the expression of the struggle of a dominant 'fictitious capital' over real capital to redistribute the global mass of wealth. It is translated into an expansion of assets in financial markets sustained by an inverted pyramid of credits without being backed by a major growth of the real economy, which is increasingly global in scope. The conversion of fictitious capital into real capital is a geopolitical item to understand acquisitions of land in the South to produce agro-fuels, for example. Conversion from fictitious to real capital also happens, the other way round, when military expenditures are financed by more public debt, as is the case for the US today. Financial capital engages in a warlike strategy to establish a global order under its hegemony, without borders and citizens. Employment, social-economic security and political stability will be a worldwide problem. The greatest fear of the capital is that the Eurozone will become a part of the Euro-Asian Continental Bloc. This definitely means a possible military conflict of the US with Russia and China. This crisis is one of the Western 'civilization' itself.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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