SOCIAL AND ECONOMIC BACKGROUND OF A CONFRONTATION AS ESCALATION OF CONTEMPORARY CONTRADICTIONS

Author
, professor, Kyiv, Panasa Myrnoho, 26
, professor, Kharkiv, Pushinska, 77

In heading

 Economic theory;

Signed print

 26.02.2018

Issues number

 2018 - № 1 (32)

Page

 11-22

Type of articles

 Scientific article

Code UDK

 330.1:316.48

ISSN print

 2411-5584

Abstract

 The author has ascertained the social and economic basis for the current stage of escalation of social contradictions. Accumulation of capital stipulates existence of social and economic controversies. In the process of production, capital falls into two functional and structural forms: capital as a means and capital as a subject. The value of capital as a means is appropriated by a capitalist and constantly increases. The value of capital as a subject, which is appropriated by employees, increases at a slower rate. This leads to a gap between revenues and wealth of capitalists and employees. This contradiction is escalated in the process of financization and globalization.

Keywords

 confrontation, capital accumulation, capital as a means, financization.

Reviewer

External reviewer

Article in PDF

 1 11-22

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Code DOI

 10.31359/2411-5584-2018-32-1-11

17.02.2018