Systemic Cycles of Capital Accumulation

Description

Cryppix:

"At the turn of XX — XXI centuries G. Arrighi, based on research by the French historian F. Braudel and principles of the world-system analysis, developed the theory of Systemic Cycles of Capital Accumulation (SCCA). F. Braudel drew attention to the fact that the centers of capital accumulation are constantly changing their geographical “registration”. In the middle Ages they were in the North of Italy, in the XVII century they moved to Holland, from the beginning of the XIX century — in Britain, and in the 20th century to the USA. These studies F. Braudel served as an impetus for the development of the theory of SCCA by G. Arrighi.

Since the main thing for capitalism is the infinite accumulation of capital, it is precisely the qualitatively special cycles of this accumulation that, according to G. Arrighi, have become milestones in the development of this system. In his monograph “The Long XX century” G. Arrighi identified four SCCA: Genoese-Iberian (XV — early XVII century), Dutch (mid XVII — late XVIII century), British (early XIX century — early XX century) and American (from the beginning of the 20th century). In his last work, “Adam Smith in Beijing”, G. Arrighi predicted the completion of the American SCCA and the coming of the Asian SCCA to replace it." (https://medium.com/@cryppix/mission-possible-7fe2129214fa)