ePrints

Globalization, Crisis and Transformation: World Systemic Crisis and the Historical Dialectics of Capital

Lookup NU author(s): Professor Barry Gills

Downloads

• Published version [.pdf]

Licence

This is the final published version of an article that has been published in its final definitive form by Routledge, 2010.

For re-use rights please refer to the publisher's terms and conditions.

Abstract

This article addresses the meaning of 'crisis' in both contemporary and historical perspective, utilising crisis as an analytical concept to understand transformation in socio-historical system structure and world order. It examines the nature of 'capital' and its relation to crisis through an understanding of the historical dialectics of capital(ism). The article presents a summary of a general theory of world systemic crisis, drawing upon analysis of world historical patterns, including the key factors: overextraction, overconcentration, underconsumption, and underinvestment, the concept of 'parasitic appropriation' or 'parasitic accumulation', 'hegemonic transition' and 'entropy'. It concludes with a discussion of the relation between globalization and crisis and the potential for a new radical politics of transformation in the context of the present global crisis.

Publication metadata

Author(s): Gills BK

Publication type: Article

Publication status: Published

Journal: Globalizations

Year: 2010

Volume: 7

Issue: 1-2

Pages: 275-288

Print publication date: 01/01/2010

Date deposited: 04/11/2010

ISSN (print): 1474-7731

ISSN (electronic): 1474-774X

Publisher: Routledge

URL: http://dx.doi.org/10.1080/14747731003593737

DOI: 10.1080/14747731003593737

Altmetrics

Share