Abstract
Capitalism has undergone drastic transformations over the last thirty years. Among critics, theses about the financial nature of the process of accumulation have been prominent. One of these is the theory by French economist François Chesnais (1998, 2005) whose main proposition is that, as of the late 1970s, capitalism would be reproducing itself by means of an accumulation regime in which financial valorization prevails. In this article, I attempt to show that the current crisis is a crisis of this regime of accumulation, and to reflect upon the situation and prospects for Brazil in this context. JEL classification: B51; G01; E01
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