The Crisis of Capitalism and Unequal Development in the Doctrine of Samir Amin: The Case of Venezuela

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Aicha El Alaoui
Aicha El Alaoui

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The objective conditions of a systemic crisis existed everywhere. Crises are inherent in capitalism, which produces them recurrently, each time deeply. It is not necessary to apprehend each crisis separately, but globally (Samir Amin, 2012). At the beginning of the year 2019, Venezuela is in the “global chaos”: the crisis is the worse than the one known by the United States during the Great Depression of 1929-1933. My reflection in thisarticle revolves around the following questions: Can we say that the crisis in Venezuela is the logical consequence of the crises in the global economic system? Can we conclude that this crisis is the “systemic crisis” which shows that the capitalist system is in its phase of the ‘old age’? Can we analyze as the result of the domination of a periphery by a center? Can we consider that this crisis is a permanent war of the North against the South? To give some answers, this article tries to analyze these questions by adopting the critical approach of Samir Amin as an anti-capitalist or antiimperialist theorist and philosopher.

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The authors declare no conflict of interest.

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Aicha El Alaoui. 2019. \u201cThe Crisis of Capitalism and Unequal Development in the Doctrine of Samir Amin: The Case of Venezuela\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 19 (GJMBR Volume 19 Issue B5): .

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GJMBR Volume 19 Issue B5
Pg. 47- 57
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: B24 ; D63 ; E11
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v1.2

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September 30, 2019

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English

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The objective conditions of a systemic crisis existed everywhere. Crises are inherent in capitalism, which produces them recurrently, each time deeply. It is not necessary to apprehend each crisis separately, but globally (Samir Amin, 2012). At the beginning of the year 2019, Venezuela is in the “global chaos”: the crisis is the worse than the one known by the United States during the Great Depression of 1929-1933. My reflection in thisarticle revolves around the following questions: Can we say that the crisis in Venezuela is the logical consequence of the crises in the global economic system? Can we conclude that this crisis is the “systemic crisis” which shows that the capitalist system is in its phase of the ‘old age’? Can we analyze as the result of the domination of a periphery by a center? Can we consider that this crisis is a permanent war of the North against the South? To give some answers, this article tries to analyze these questions by adopting the critical approach of Samir Amin as an anti-capitalist or antiimperialist theorist and philosopher.

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The Crisis of Capitalism and Unequal Development in the Doctrine of Samir Amin: The Case of Venezuela

Aicha El Alaoui
Aicha El Alaoui

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