Abstract
This article advances a crisis theory of financialisation and imperial geo-politics in order to recast key concepts and causal parameters related to the sources of debt and the way in which the Euro-Atlantic area is in danger of complete disintegration. It juxtaposes the concept of ‘uneven and combined development’ (UCD) to that of ‘global fault-lines’ (GF), showing the advantages enjoyed by the latter with the inclusion of geo-political and security dimensions as co-constitutive explanatory variables in the understanding of economic crises in general and of the Euro-zone crisis in particular.
Highlights
The real difference between profit and interest exists as the difference between a moneyed class of capitalists and an industrial class of
This is done in order to undercut competitors, but it is problematic because it tends to reduce the presence of labourpower in material production, which is the only source from which value and surplusvalue are extracted
It has as a result an increase of the total investment at the expense of labour-power, the latter being the sole producer of value and surplus value
Summary
The real difference between profit and interest exists as the difference between a moneyed class of capitalists and an industrial class of.
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