Title

Disarticulation and the Crisis of Neoliberalism in the United States

Document Type

Article

Publication Date

1-1-2020

Subject Area

ARRAY(0x557a92807cb0)

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

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