The global crisis of capitalism and its theoretical background

Central and peripheral capitalist countries alike are facing the present crisis without having discovered how to deal with the fundamental dilemmas of accumulation and distribution, which are clearly evidenced in the trend towards an imbalance between the growth rate of private and public expenditure and that of reproductive investment, and in the difficulty —especially acute in the periphery— of finding solutions for the problems of growth, employment, the external bottleneck and inflation.