Disarticulation and the Crisis of Neoliberalism in the United States
Document Type
Article
Publication Date
1-1-2020
Abstract
Neoliberal policies instituted since the 1980s have transformed the United States economy in ways that have produced serious structural distortions in the basic operation of capitalism. Using Samir Amin’s concept of disarticulation, previously applied exclusively to the periphery of the world economy, this article argues that the twin and mutually reinforcing features of neoliberalism – global corporate restructuring and financialization – have now generated disarticulation in the core nations. This disarticulated structure is responsible for the economic stagnation and sharply unequal income/wealth distributional outcomes that characterize contemporary U.S. capitalism.
Publication Title
Critical Sociology
Volume
46
Issue
1
First Page
65
Last Page
81
Digital Object Identifier (DOI)
10.1177/0896920518798122
ISSN
08969205
E-ISSN
15691632
Citation Information
Jaffee, D. (2020). Disarticulation and the Crisis of Neoliberalism in the United States. Critical Sociology, 46(1), 65–81. https://doi.org/10.1177/0896920518798122