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

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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

Suggested Citation

  • Rémy Herrera, 2013. "The U.S. economy today: Between systemic crisis and permanent war," Documents de travail du Centre d'Economie de la Sorbonne 13018, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
  • Handle: RePEc:mse:cesdoc:13018
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    File URL: ftp://mse.univ-paris1.fr/pub/mse/CES2013/13018.pdf
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    Keywords

    United States; military sector; defence; war; crisis; finance;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • P12 - Economic Systems - - Capitalist Systems - - - Capitalist Enterprises
    • P43 - Economic Systems - - Other Economic Systems - - - Finance; Public Finance

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