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Capitalism and the global economic crisis

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Article

Marinkovic, Vladimir ; Stanisavljevic, Natasa

SEER. Journal for Labour and Social Affairs in Eastern Europe

2012

15

4

529-537

capitalism ; economic recession

transition economies ; Western Europe

Business economics

http://www.nomos-zeitschriften.de/

English

Bibliogr.

"The global crisis with which the contemporary capitalist today is faced highlights many dilemmas and open questions. One of the most important is the definition and analysis of the forces on which capitalism has survived and developed. Without answering these questions, it is not possible to establish real, long-term, strategic solutions, while such answers are likely to be effective only if all social actors approach consensus. Today, ‘capitalism' is an umbrella term for the economic, political and social order in most developed European countries, as well as in so-called ‘transition countries', including Serbia, where the process of establishing capitalism is not yet finished. In essence, with the exception of a small number of societies, which are relics of the past, there are no states which have yet to take the first steps toward capitalism. A comparative analysis of these countries would confirm many common characteristics but, at the same time, many differences, favouring the conclusion that, within ‘capitalism', we have essentially different systems. "

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