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Final published version, 188 KB, PDF document
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Final published version
Licence: None
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The world market, North-South relations, neoliberalism
AU - Jessop, Robert Douglas
PY - 2018/2/1
Y1 - 2018/2/1
N2 - Marx’s analysis of the world market as the historical presupposition and posit of capital and its role in generalizing and intensifying the contradictions of capital on a world scale remains valid. Neo-liberalism and financialization reinforce world market completion, transform North-South relations, and modify relations within the South. Moreover, for Marx, the more integrated the world market becomes, the less scope there is to resolve crises by extending capitalist relations into previously marginal economic zones. When this crisis displacement strategy reaches its limit, increasingly severe general world crises would erupt, thereby indicating the need for a new historical form of production.
AB - Marx’s analysis of the world market as the historical presupposition and posit of capital and its role in generalizing and intensifying the contradictions of capital on a world scale remains valid. Neo-liberalism and financialization reinforce world market completion, transform North-South relations, and modify relations within the South. Moreover, for Marx, the more integrated the world market becomes, the less scope there is to resolve crises by extending capitalist relations into previously marginal economic zones. When this crisis displacement strategy reaches its limit, increasingly severe general world crises would erupt, thereby indicating the need for a new historical form of production.
KW - Marx
KW - North-South
KW - Southern Theory
KW - world market
KW - uneven development
KW - contradiction
KW - primitive accumulation
KW - imperialism
KW - colonialism
KW - neoliberalism
KW - variegated capitalism
M3 - Journal article
VL - 29
SP - 207
EP - 228
JO - Alternate Routes: A Journal of Critical Social Research
JF - Alternate Routes: A Journal of Critical Social Research
SN - 0702-8865
ER -