Padrão de reprodução do capital no capitalismo dependente e financeirizado

Abstract

The process of financialization emerges from the changes that occurred after the end of World War II and is understood from the increasing importance of the financial sphere of valorization as well as the growth of international financial circuits in relation to the rest of the economy. It was shown as a result of the development of social forces and relations of production, leading to legal and institutional changes that represented structural and systemic transformations in the capitalist economy and in the social life as a whole. An analysis from a lower level of abstraction, as proposed by the Marxist Dependency Theory, and within it the pattern of capital reproduction, should consider the differentiated insertion of the periphery in contemporaneous capitalism and its particular effects. In order to do so, we will enter into the proposal of the category the pattern of capital reproduction made by Ruy Mauro Marini and carried forward by Jaime Osorio, which encompasses the cycles of capital and its reproductive process in specific geo-historical contexts, to establish a dialogue that refers this category with the changes of contemporaneous capitalism. Thus, we observe elements that are located, above all, in the circulation spheres of the capital cycle and that generate some new dynamics of capital and fictitious valorization of capital. This justifies a continuation and deepening of the proposal of Jaime Osorio, which includes the new capillaries of financial capitalism and a new ring in the spiral of dependence.