This article argues that the U. S. current account deficit emerged in the course of the structural transformation of the U. S. economy as the Fordist production regime underwent a profitability crisis, eroded, and was supplanted by the emerging dominance of the financial sector. This domestic...

This article offers an interpretation of the domestic and global dimensions of the US housing, financial and economic crisis in a Marxian framework. My key argument is that the origins of the Great Recession can be fully understood only within an analysis of the system of globalised production...