AS LOCOMOTIVAS ENFERRUFADAS DO CAPITALISMO

Abstract

In the Twentieth Century Capitalism was a highly volatile system. In the last decades of the century, it became even more evident that the system had signs of senility. A set of strategies has been used to reverse the cyclical behavior the most advanced economies of the world. These "old" mechanisms will also be used in the near future. During the age of globalization the world capitalist system has had an economic performance inferior to that it had in other cycles of expansion (1870-1913 and 1950-1973). The long run perspectives are not optimistic insofar as the growth engines of the system seem to be rust.