The world market, North-South relations, neoliberalism

Jessop, Robert Douglas (2018) The world market, North-South relations, neoliberalism. Alternate Routes: A Journal of Critical Social Research, 29. pp. 207-228. ISSN 0702-8865

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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.

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Alternate Routes: A Journal of Critical Social Research
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30 Apr 2018 08:16
Last Modified:
28 Nov 2022 00:47