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Transformations of the contemporaneous capitalism and its nature in Marx’s analyses

Author

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  • José Ricardo Tauile
  • Luiz Augusto Estrella Faria

Abstract

This paper deals with five points of contemporary capitalism dynamics: 1) theform and operation for the world financial market that functions 24 hours a day; 2) transformationsin monetary relations, specifically the relation between money and power; 3) theinfluence of the operation of capital blocks over territories; 4) the exhaustion of the limitsof surplus extraction by means of wage labour exploitation, increasing degradation of theconditions of social cohesion, and fracturing the accumulation regime; 5) the new referencesthat sustain and regulate the general equivalent, i.e. the foundation of the equivalenciesnominated in money. It ends by demanding a new global social contract, at national andinternational levels. JEL Classification: B51; P11; P16.

Suggested Citation

  • José Ricardo Tauile & Luiz Augusto Estrella Faria, 1999. "Transformations of the contemporaneous capitalism and its nature in Marx’s analyses," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 171-196.
    • Handle: RePEc:ekm:repojs:v:19:y:1999:i:1:p:171-196:id:1050
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    Keywords

    Capitalism; neoliberalism; globalization; Marxism;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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