Generate QR code
Open Access
Subscription Access
The decline of neo-liberalism (to the 200th birth anniversary of Karl Marx)
https://doi.org/10.32609/0042-8736-2018-2-122-141
Abstract
The author proves that the decline of neo-liberalism and the growth of a new conservative wave are objectively conditioned. The prevailing model of late capitalism that has led to the domination of the market of simulacra, financialization and stagnation, called the ‘new normality’, cannot ensure the progress of the productive forces that are on the verge of not just another technological revolution, but a qualitative change - the genesis of the economy in which a decisive role will be played not by reproductive, but by creative work. Not just re-industrialization - the coming creative revolution - necessitates at least a deep reform of the currently dominant social and economic system. The non-realization of these changes is fraught with conservative regress of both the economy and society. The article provides a substantiation of this conclusion based on the updated classical Marxist methodology and systematizes the main directions of reforming the system of economic relations that respond to the challenges of the progress of the productive forces.
Keywords
market of simulacra,
financialization,
reindustrialization,
creative revolution,
Marxism,
productive forces,
production relations
JEL: B00; B52; M4; N01
References
1. Minsky H. (1986). Stabilizing an unstable economy. New Haven: Yale University Press.
2. Antipina O. N. (1995). Global socio-economic problems of our time: The view of the Club of Rome. Alternativy, No. 2, pp. 86—99. (In Russian).
3. Antipina O. N. (2000). The riddle of the new knowledge economy (the Solow paradox). Vestnik Moskovskogo Universiteta. Seriya 6: Ekonomika, No. 6, pp. 3—17. (In Russian).
4. Minsky H. (1992). The financial instability hypothesis (Working Paper No. 74). New York: The Jerome Levy Economics Institute of Bard College.
5. Anchishkin A. I. (1989). The science. Technics. Economy. Moscow: Ekonomika. (In Russian).
6. Ollman B. (2003). Dance of the dialectic: Steps in Marx’s method. Urbana, IL: University of Illinois Press.
7. Baudrillard J. (2007). To a critique of the political economy of the sign. Moscow: Akademicheskiy Proekt. (In Russian).
8. Sayers S. (2007). Marxism and human nature. London: Routledge.
9. Bodrunov S. D. (2016a). The future. New industrial society: Reloaded. 2nd ed., corr. and enl. St. Petersburg: Institute of New Industrial Development n. a. S. Y. Vitte. (In Russian).
10. Sayers S. (2011). Marx and alienation: Essays on Hegelian themes. Basingstoke and New York: Palgrave Macmillan.
11. Bodrunov S. D. (2016b). Re-industrialization: Socio-economic parameters of reintegrating production, science and education. Sotsiologicheskie Issledovaniya, No. 2, pp. 20—28. (In Russian).
12. Schwab K. (2016). The fourth industrial revolution: What it means, how to respond. World Economic Forum. https://www.weforum.org/agenda/2016/01/the-fourth- industrial-revolution-what-it-means-and-how-to-respond
13. Schwab K. (2017). The fourth industrial revolution. New York: Crown Business.
14. Bodrunov S. D. (ed.) (2017). Galbraith: The return. Moscow: Kulturnaya Revolyutsiya. (In Russian).
15. Buzgalin A. V. (2017). Creative economy: Private intellectual property or everybody’s ownership of everything? Sotsiologicheskie Issledovaniya, No. 7, pp. 43—53. (In Russian).
16. Stiglitz J. E. (2013). The price of inequality: How today’s divided society endangers our future. New York: W. W. Norton & Company.
17. Buzgalin A. V., Kolganov A. I. (eds.) (1992). Economics for man (Anti-crisis program of the Democratic Left). Discussion Material: Version 1a, December. Moscow: Ekonomicheskaya Demokratiya. (In Russian).
18. Wallerstein I. (1998). Utopistics, or Historical choices of the twenty first century. New York: New Press.
19. Buzgalin A. V., Kolganov A. I. (1996). Strategy of advanced development. Svobodnaya Mysl, No. 9, pp. 76—88. (In Russian).
20. Wallerstein I. (1999). The end of the world as we know it. Social science for the twenty-first century. Minneapolis and London: University of Minnesota Press.
21. Buzgalin A. V., Kolganov A. I. (2017a). The strategy of advanced development of Russia. Problemy Teorii i Praktiki Upravleniya, No. 7, pp. 34—50. (In Russian).
22. Buzgalin A. V., Kolganov A. I. (2017b). Social, material and financial resources of Russia’s advanced development. Problemy Teorii i Praktiki Upravleniya, No. 9, pp. 14—26. (In Russian).
23. Buzgalin A. V., Kolganov A. I. (2018). Global capital. In 2 vols. Vol. 1. Methodology: Beyond positivism, postmodernism and economic imperialism (Marx re-loaded). Vol. 2. Theory. The global hegemony of capital and its limits (“Capital” re-loaded). 4th ed., enl. Moscow: Lenand. (In Russian).
24. Voinov E. V. (2016). Deregulation influence on evolution of economic inequality in the USA. Ekonomicheskoe Vozrozhdenie Rossii, No. 3, pp. 66—71. (In Russian).
25. Glazyev S. Yu. (2010). Strategy of advanced development of Russia in the conditions of global crisis. Moscow: Ekonomika. (In Russian).
26. Grinberg R. S. (2017). Global and Russian economies: Trends, opportunities, risks. Ekonomicheskoe Vozrozhdenie Rossii, No. 1, pp. 17—21. (In Russian).
27. Gubanov S. (2008). Neoindustrialization plus vertical integration (On the formula for Russia’s development). Ekonomist, No. 9, pp. 3—27. (In Russian).
28. Gubanov S. (2015). From export and raw material model to neo-industrial economic system. Ekonomicheskoe Vozrozhdenie Rossii, No. 4, pp. 48—59. (In Russian).
29. Dzhabborov D. B. (2016). Progress of human qualities: Market and post-market mechanisms to stimulate social and economic development. Ekonomicheskoe Vozrozhdenie Rossii, No. 4, pp. 68—73. (In Russian).
30. Zyablyuk R. T. (2016). The adequacy of the dialectical method to the real economy. Voprosy Politicheskoy Ekonomii, No. 4, pp. 23—36. (In Russian).
31. Kleiner G. (2017). From the economy of individuals to systemic economy. Voprosy Ekonomiki, No. 8, pp. 56—74. (In Russian).
32. Kolganov A. I., Buzgalin A. V. (2014a). Re-industrialization as nostalgia? Theoretical discourse. Sotsiologicheskie Issledovaniya, No. 1, pp. 80—94. (In Russian).
33. Kolganov A. I., Buzgalin A. V. (2014b). Re-industrialization as nostalgia? Polemical notes on purposeful accentuations in alternative social and economic strategy. Sotsiologicheskie Issledovaniya, No. 3, pp. 120—130. (In Russian).
34. Lenchuk E. B. (2016). A course for a new industrialization — a global trend of economic development. Problemy Prognozirovaniya, No. 3, pp. 132—143. (In Russian).
35. Lane D. (2016). “Post-capitalism” as a new economic system: A critique. Voprosy Politicheskoy Ekonomii, No. 3, pp. 8—21. (In Russian).
36. UN (2015). The millennium development goals report 2015. New York: United Nations.
37. Peccei A. (1985). The human quality. Moscow: Progress. (In Russian).
38. Piketty Th. (2015). Capital in the twenty-first century. Moscow: Ad Marginem Press. (In Russian).
39. Porokhovsky A. A. (2016). Political economy in the 21st century: System approach to modern economy problems solution. Voprosy Politicheskoy Ekonomii, No. 4, pp. 8—22. (In Russian).
40. Raworth K. (2015). A safe and just space for humanity. Can we live within the doughnut? Oxford: Oxfam.
41. Ryazanov V. T. (2015). Political economy and its analytical possibilities: Verification of the theoretical model of the crises. Voprosy Politicheskoy Ekonomii, No. 2, pp. 25—38. (In Russian).
42. Ryazanov V. T. (2016a). [Un]Real capitalism. Political economy of the crisis and its consequences for the world economy and Russia. Moscow: Ekonomika. (In Russian).
43. Ryazanov V. T. (2016b). Cyclic and system reasons for the crisis in Russia: The role of the socialization of finances in their overcoming. Voprosy Politicheskoy Ekonomii, No. 2, pp. 88—106. (In Russian).
44. Slavin B. F., Buzgalin A. V. (eds.) (2017). The peak of the great revolution. Moscow: Algoritm. (In Russian).
45. Stiglitz J. E. (2016). The great divide: Unequal societies and what we can do about them. Moscow: Eksmo. (In Russian).
46. Strelets I. (2008). A new economy: A hypothesis or reality? Mirovaya Ekonomika i Mezhdunarodnye Otnosheniya, No. 3, pp. 16—23. (In Russian).
47. Standing G. (2014). The precariat: The new dangerous class. Moscow: Ad Marginem Press. (In Russian).
48. Tatarkin A. I. (2015). Political-economic vision of public development as a basis of scientific modeling of economic policy. Voprosy Politicheskoy Ekonomii, No. 2, pp. 75—84. (In Russian).
49. Toshchenko Zh. T. (2015). The precariat — a new social class. Sotsiologicheskie Issledovaniya, No. 6, pp. 3—13. (In Russian).
50. Florida R. (2005). The rise of the creative class and how it’s transforming work, leisure, community and everyday life. Moscow: Klassika-XXI. (In ¬Russian).
51. Fromm E. (1989). Escape from freedom. Moscow: Progress. (In Russian).
52. Fromm E. (1990). To have or to be. Moscow: Progress. (In Russian).
53. Khubiev K. A. (2012). Economic theory: Between the past and the future. Terra Economicus, Vol. 10, No. 3, pp. 58—62. (In Russian).
54. Hong Ch., Liyan M. (2017). Transformations of contemporary capitalism and their essence. Voprosy Politicheskoy Ekonomii, No. 2, pp. 29—33. (In Russian).
55. Tsagolov G. N. (2015). Political economy of the future. Voprosy Politicheskoy Ekonomii, No. 2, pp. 39—51. (In Russian).
56. Tsagolov N. A. (2017). Topical questions of methodology of political economy [the publication of the 1982 work]. Voprosy Politicheskoy Ekonomii, No. 1, pp. 119—129. (In Russian).
57. Cherkovets V. N. (2017). The nature of imperialism and contemporary capitalism: Peculiarities of the research of their interconnection. Voprosy Politicheskoy Ekonomii, No. 2, pp. 87—96. (In Russian).
58. Enfu Ch., Jiankun G. (2017). Prospects for China’s macroeconomic development: Ten measures. Voprosy Politicheskoy Ekonomii, No. 1, pp. 6—18. (In Russian).
59. Amin S. (1974). Accumulation on a world scale: A critique of the theory of underdevelopment. New York: Monthly Review Press.
60. Amin S. (1997). Capitalism in the age of globalization. The management of contemporary society. London and New York: Zed Books.
61. Arthur Ch. J. (2002). The new dialectic and Marx’s capital. Leiden and Boston: Brill.
62. Cobet A. E., Wilson G. A. (2002). Comparing 50 years of labor productivity in U.S. and foreign manufacturing. Monthly Labor Review, Vol. 125, No. 6, pp. 51-65.
63. Galbraith J. K. (2012). Inequality and instability: A study of the world economy just before the great crisis. London: Oxford University Press.
64. Geldstone V. (2017). Fake economics. Kindle Edition.
65. Harvey D. (1982). The limits to capital. Oxford: Basil Blackwell; Chicago: University of Chicago Press.
66. Harvey D. (2003). The new imperialism. Oxford: Oxford University Press.
67. Harvey D. (2006). Spaces of global capitalism: A theory of uneven geographical development. London: Verso.
68. Harvey D. (2014). Seventeen contradictions and the end of capitalism. New York: Oxford University Press.
69. Haug W. F. (2012). Hightech-Kapitalismus in der Großen Krise. Berlin: Argument.
70. Hudson M. (2017). J is for junk economics. A guide for reality in an age of deception. Glashütte, Germany: Islet-Verlag.
71. ILO (2013). Global wage report 2012/13. Wages and equitable growth. Geneva: International Labour Office.
72. IMF (2014). Fiscal policy and income inequality. IMF Policy Paper, No. 23.
73. Jameson F. (1991). Postmodernism, or The cultural logic of late capitalism. Durham: Duke University Press.
74. Kotz D. M. (2015). The rise and fall of neoliberal capitalism. Cambridge, MA and London: Harvard University Press.
75. Mandel E. (1975). Late capitalism. London: Humanities Press.
76. Mészáros I. (1995). Beyond capital: Toward a theory of transition. L.: Merlin Press.
77. Minsky H. (1986). Stabilizing an unstable economy. New Haven: Yale University Press.
78. Minsky H. (1992). The financial instability hypothesis (Working Paper No. 74). New York: The Jerome Levy Economics Institute of Bard College.
79. Ollman B. (2003). Dance of the dialectic: Steps in Marx’s method. Urbana, IL: University of Illinois Press.
80. Sayers S. (2007). Marxism and human nature. London: Routledge.
81. Sayers S. (2011). Marx and alienation: Essays on Hegelian themes. Basingstoke and New York: Palgrave Macmillan.
82. Schwab K. (2016). The fourth industrial revolution: What it means, how to respond. World Economic Forum. https://www.weforum.org/agenda/2016/01/the-fourth- industrial-revolution-what-it-means-and-how-to-respond
83. Schwab K. (2017). The fourth industrial revolution. New York: Crown Business.
84. Stiglitz J. E. (2013). The price of inequality: How today’s divided society endangers our future. New York: W. W. Norton & Company.
85. Wallerstein I. (1998). Utopistics, or Historical choices of the twenty first century. New York: New Press.
86. Wallerstein I. (1999). The end of the world as we know it. Social science for the twenty-first century. Minneapolis and London: University of Minnesota Press.
Review
For citations:
Buzgalin A.V. The decline of neo-liberalism (to the 200th birth anniversary of Karl Marx). Voprosy Ekonomiki. 2018;(2):122-141. (In Russ.) https://doi.org/10.32609/0042-8736-2018-2-122-141
Views:
1356
Email this article 
