Transformations of the contemporaneous capitalism and its nature in Marx’s analyses

Vol. 19 No. 1 (1999)

Jan-Mar / 1999
Published January 1, 1999
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Tauile, José Ricardo, and Luiz Augusto Estrella Faria. 1999. “Transformations of the Contemporaneous Capitalism and Its Nature in Marx’s Analyses”. Brazilian Journal of Political Economy 19 (1):171-96. https://doi.org/10.1590/0101-31571999-1077.

Transformations of the contemporaneous capitalism and its nature in Marx’s analyses

José Ricardo Tauile
Universidade Federal do Rio de Janeiro – UFRJ, Rio de Janeiro/RJ, Brasil.
Luiz Augusto Estrella Faria
Universidade Federal do Rio Grande do Sul – UFRGS, Porto Alegre/RS, Brasil.
Brazilian Journal of Political Economy, Vol. 19 No. 1 (1999), Jan-Mar / 1999, Pages 171-196

Abstract

This paper deals with five points of contemporary capitalism dynamics: 1) the
form and operation for the world financial market that functions 24 hours a day; 2) transformations
in monetary relations, specifically the relation between money and power; 3) the
influence of the operation of capital blocks over territories; 4) the exhaustion of the limits
of surplus extraction by means of wage labour exploitation, increasing degradation of the
conditions of social cohesion, and fracturing the accumulation regime; 5) the new references
that sustain and regulate the general equivalent, i.e. the foundation of the equivalencies
nominated in money. It ends by demanding a new global social contract, at national and
international levels.

JEL Classification: B51; P11; P16.


Keywords: Capitalism neoliberalism globalization Marxism