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The U.S. economy today: Between systemic crisis and permanent war

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    Abstract

    This paper studies the U.S. economy from an original point of view: that of the links existing between crisis and war. The first part analyzes the workings of the current crisis, considered to be a “systemic” one. The second part places the U.S. economy at the very heart of this crisis. The third part emphasizes the limitations of the anti-crisis policies that are being implemented, as well as the “currency war” issue. Then, the central focus moves towards U.S. warfare as a permanent feature. In a fifth part, the author examines the control exercized by finance capital on the military sector, including military-industrial complex and privately owned military companies. And finally, it examines how these links between crisis and war exacerbe the current capitalist contradictions.

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    File URL: ftp://mse.univ-paris1.fr/pub/mse/CES2013/13018.pdf
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    Bibliographic Info

    Paper provided by Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne in its series Documents de travail du Centre d'Economie de la Sorbonne with number 13018.

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    Length: 20 pages
    Date of creation: Feb 2013
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    Handle: RePEc:mse:cesdoc:13018

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    Keywords: United States; military sector; defence; war; crisis; finance.;

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