Financial Crisis ? Systemic Crisis ?

Authors

Samir Amin 
DOI: https://doi.org/10.57054/codesria.pub.115

Keywords:

Financial, Crisis, Systemic, Domination, Oligopolies, Foundation

Synopsis

The financial collapse of September 2008 was the unavoidable result of the long systemic crisis that had been gangrening the generalised oligopoly capitalism since the 1970s. To curb that crisis, mechanisms were set in place to preserve the monopoly of capital through policies that ensure concentration of capital and the direct and exclusive domination of a small group of oligopolies. Financialisation, which was the consequence of this centralisation as the only guarantee to capture the imperialist rent was, however, the Achille’s heel of the system. The policies pursued by the collective imperialist triad (USA, Europe, Japan), which aim exclusively at restoring the system to what it was before 2008, are bound to fail. As a result, the North-South conflict moves to the forefront. By taking independent initiatives, the countries of the South can take this opportunity to move ahead towards the construction of the only effective and viable alternative for their liberation from the domination of imperialist monopolies.

 

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Author Biography

Samir Amin 

est un éminent professeur d’Economie politique du développement. Il a enseigné l’Economie à l’Université Poitiers de Paris et à l’Université Cheikh Anta Diop de Dakar. Ancien Directeur de l’IDEP à Dakar de 1970 à 1980, Secrétaire exécutif du CODESRIA de 1973 à 1975 et Directeur du Forum du Tiers-Monde à Dakar depuis 1980, le Professeur Amin a publié plusieurs ouvrages sur les thèmes le droit, la société civile, le socialisme, le colonialisme et le développement, en particulier en Afrique et dans le monde musulman et arabe. Parmi ces plus récentes publications on peut noter les suivantes :
Beyond US Hegemony (2006), A Life Looking Forward: Memoirs of an Independent Marxist (2006), Pour la cinquième internationale (2006), The World we Wish to See: Revolutionary Objectives for the 21st Century (2008), Du capitalism à la civilisation (2008), Modernité, Religions, Démocratie, Critique de l’eurocentrisme, Critique du culturalisme (2008), L’éveil du Sud, Panorama politique et personnel
de l’ère de Bandoung (2008), Sur la crise, sortir de la crise du capitalisme ou sortir du capitalisme en crise (2009).

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Published

November 12, 2010

Series

CODESRIA Books
Copyright (c) 2010 CODESRIA Books Publication System

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