Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here


Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

The current crisis began in late 2006 and early 2007 as a real-estate crisis in the transatlantic region; its focal points were the USA and European periphery. First, the subprime crisis directly impacted international financial markets, as these had distributed the associated risks across the world. Second, the crisis led to the collapse of mass-consumption in the USA. Third, the entire industrial sector was affected, starting with the automobile-industry. Fourth, global investors withdrew their capital from newly industrialising countries. Most people were unable to avoid deterioration of their working- and living conditions, which has been going on for years and is now coming to a head in the crisis. This chapter discusses the empirical and methodologico-conceptual problems that engagement with the Marxian critique of political economy has raised during the past decades. It demonstrates that the five key problems have led to fundamental logjams in key areas of Marx's work.

Keywords: automobile-industry; industrialising countries; international financial markets; Marx's work; political economy; real-estate crisis; USA



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Beyond Marx — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation