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Beyond the Systemic Crisis and Capital-Led Chaos

Theoretical and Applied Studies


Edited By Rémy Herrera, Wim Dierckxsens and Paulo Nakatani

The current crisis is the expression of the struggle of a dominant ‘fictitious capital’ over real capital to redistribute the global mass of wealth. It is translated into an expansion of assets in financial markets sustained by an inverted pyramid of credits without being backed by a major growth of the real economy, which is increasingly global in scope. The conversion of fictitious capital into real capital is a geopolitical item to understand acquisitions of land in the South to produce agro-fuels, for example. Conversion from fictitious to real capital also happens, the other way round, when military expenditures are financed by more public debt, as is the case for the US today. Financial capital engages in a warlike strategy to establish a global order under its hegemony, without borders and citizens. Employment, social-economic security and political stability will be a worldwide problem. The greatest fear of the capital is that the Eurozone will become a part of the Euro-Asian Continental Bloc. This definitely means a possible military conflict of the US with Russia and China. This crisis is one of the Western ‘civilization’ itself.
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CHAPTER 3. The Great Depression of the 21st Century and the Military-Industrial Complex



The Great Depression of the 21st Century and the Military-Industrial Complex


International Physicians for the Prevention of Nuclear War, Nicaragua


International Observatory of the Crisis (IOC), The Netherlands and Costa Rica

Productive and Non-Productive Labour and the Military-Industrial Complex

To understand actual geopolitics, we think it is important to take a brief look at the economics of war. This leads us to understand the war economy in times of a new Great Depression. Let us define first of all the basic ideas of productive and non-productive labour in relation to the military-industrial complex. We want to be brief but clear. Those interested in going into further details and data may refer to our study The Post Cold War Era (Dierckxsens, 1994b).

In terms of its content, the production of armaments and the means of destruction will in general permit, in a given economic cycle, the creation of destructive products that have surplus value and create profits. During this cycle, merchandise will have been produced that counts as national monetary wealth. Its consumption leads to the destruction of the environment, human lives and material goods produced in the sector of the real economy. But even when these destructive products are not consumed – that is, when they do not destroy lives, the environment or material goods – they are not contributing to an enlarged reproduction of capital in...

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