Contemporary capitalism is a 'otality' category. It is an integrated whole, or an organic unity mediated through uneven geographical developments and financial operations. And its dynamics and contradictions mainly lies in the financial accumulation s...
Contemporary capitalism is a 'otality' category. It is an integrated whole, or an organic unity mediated through uneven geographical developments and financial operations. And its dynamics and contradictions mainly lies in the financial accumulation strategy of global capitals, which stimulates 'the secondary circuit of capital'. As a result, it produces the rapidly increasing social inequalities, or 'accumulation of wealth at one pole and accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole(in short, a relative immiseration of the popular classes). To properly understand it, we have to use 'totality and dialectical method' focused on 'the relations of the parts to the whole'.
Capitalism in Korea is, on the one hand, linked to contemporary world economy through 'exportism', which produces many social polarizations in Korean economy, including those between capital and labor, manufacturing and non-manufacturing, large and small-medium businesses, and wealthy and poor households etc., and on the other hand, through financial institutions, which controlled by international finance capitals.
In the circumstances, a 'new New-Deal', which is suggested by Harvy, David, is required in Korea. Especially, it should by placed as the bourgeois reform in Korea(from above), initiated by political liberals, bourgeois, labor unions, and citizen movement groups. And in the global constraints, it cannot but be confined to resolve housing problems and reform 'the secondary circuit of capital' of Korean capitalism. But it would contribute to alleviate the rapidly increasing social inequalities and eliminate bubbles in the capital's secondary circuit realms in Korea.