Crisis of What?

This sharp question is appropriately thought-provoking. We certainly have been living through a great capitalist crisis, really only the fourth crisis of such scale after the so-called Great Depression of 1873-96, the more familiar Great Depression of the 1930s, and the global stagflation and profit...

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Main Author: Leo Panitch
Format: Article
Language:English
Published: University Library System, University of Pittsburgh 2015-08-01
Series:Journal of World-Systems Research
Online Access:http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/496
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spelling doaj-aaa198cec532412d9fae78d9bf713a272020-11-24T22:35:51ZengUniversity Library System, University of PittsburghJournal of World-Systems Research1076-156X2015-08-0119218118510.5195/jwsr.2013.496490Crisis of What?Leo Panitch0York UniversityThis sharp question is appropriately thought-provoking. We certainly have been living through a great capitalist crisis, really only the fourth crisis of such scale after the so-called Great Depression of 1873-96, the more familiar Great Depression of the 1930s, and the global stagflation and profitability crisis of the 1970s. The very fact that capitalism survived these earlier crises should warn us away from reverting to the old mistaken notions of economic crises heralding the final breakdown of the system. But could this at least be a major turning point? Is this at least a crisis of neoliberalism? Or of American empire? Or even perhaps of "globalization"?http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/496
collection DOAJ
language English
format Article
sources DOAJ
author Leo Panitch
spellingShingle Leo Panitch
Crisis of What?
Journal of World-Systems Research
author_facet Leo Panitch
author_sort Leo Panitch
title Crisis of What?
title_short Crisis of What?
title_full Crisis of What?
title_fullStr Crisis of What?
title_full_unstemmed Crisis of What?
title_sort crisis of what?
publisher University Library System, University of Pittsburgh
series Journal of World-Systems Research
issn 1076-156X
publishDate 2015-08-01
description This sharp question is appropriately thought-provoking. We certainly have been living through a great capitalist crisis, really only the fourth crisis of such scale after the so-called Great Depression of 1873-96, the more familiar Great Depression of the 1930s, and the global stagflation and profitability crisis of the 1970s. The very fact that capitalism survived these earlier crises should warn us away from reverting to the old mistaken notions of economic crises heralding the final breakdown of the system. But could this at least be a major turning point? Is this at least a crisis of neoliberalism? Or of American empire? Or even perhaps of "globalization"?
url http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/496
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