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ENTELEQUIA
ENTELEQUIA eumed •net
revista interdisciplinar /entelequia
revista interdisciplinar
Arno Tausch *
PAUL BOCCARA’S ANALYSIS OF GLOBAL CAPITALISM.
THE RETURN OF THE BOURBONS, AND THE BREAKDOWN
OF THE BRUSSELS / PARIS NEOLIBERAL CONSENSUS
EL ANÁLISIS DE BOCCARA DEL CAPITALISMO GLOBAL. EL RETORNO DE LOS
BORBONES Y LA RUPTURA DEL CONSENSO NEOLIBERAL DE BRUSELASPARÍS
Abstract
Globalization and monopolies lead towards stagnation. Paul Boccara emphasized this since the early
1970s. Some other great political economists of the instability of the international order, like Rosa Luxem
burg and Otto Bauer, foresaw the dark clouds of major innercapitalist wars on the horizon, and in the light of
our analysis, we are not too far away from such dark times, if the logic of ‘madness’ called contemporary
globalization is not corrected. Boccara, over the last decades, provided a coherent framework of analysis,
which reached similar policy prescriptions, independently from the Steindl/Kalecki approach in political eco
nomy. A Boccaran worldview would hold that the contradictions of global capitalism increase over time, if
markets are left for themselves. Boccara is right in stressing that this system is, as he puts it, ‘mad’ because
its logic of profitability is reaching its climax. Capitalism as a system, which puts making money before and
against people lives, needs to be questioned. It is really futile to speak of ‘morality’ and ‘transparency’
without attacking the logic of the system.
Keywords: Paul Boccara, global capitalism, economic cycles, economic crisis, instability, Political Economy,
economic policy, European Union.
Resumen
L
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