Como Citar
Resumo
Durante o verão de 2007 a crise imobiliária dos EUA transformou-se em um arrocho de crédito [credit crunch] global que está ameaçando transtornar a economia mundial. Enfrentamos hoje (meados de 2008) a perspectiva de uma desaceleração significativa ou mesmo de uma recessão global. Não importa qual desses cenários por fim se revelará, o arrocho progressivo colocou em xeque a viabilidade a longo prazo de um padrão de crescimento global que, nas últimas décadas, contou em grande medida com os Estados Unidos como o “comprador de última instância” do mundo. Essa dramática reviravolta coloca em risco a transição suave para um novo regime de acumulação conduzido pelas finanças [finance-led accumulation regime] e para um novo padrão de crescimento multipolar. Se a crise ainda não é sistêmica, o surto atual de problemas nos principais mercados financeiros do mundo certamente sinaliza o primeiro grande teste de resistência desse novo regime. Nós gostaríamos de enfocar, nesse artigo, um pilar central do regime – o endividamento das famílias americanas – a fim de extrair algumas percepções plausíveis sobre a natureza e implicações da crise atual.Referências
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