Reconstructive development: overcoming the confl ict between equality and inequality

Abstract

The article shows that the underlying factor of growing socioeconomic inequality is the regularities of capital accumulation, stipulating relative increase of the part of capital, embodied in means of production, technologies, objectified knowledge, institutional and other conditions of production. This is supported by a number of factors, the most important of which are financialisation, combined with globalization, and the formation of an information and network economy, which causes an increase in irregularity of economic growth and creates mechanisms for the appropriation by transnational corporations of surplus-value, regardless of which part of the financial and economic space it was created. The overcoming of the conflict between equality and inequality is possible on the way of reconstructive development, which consists in rebuilding the supporting structures of the economy and radically changing its structure on the basis of the predominance of qualitative changes over quantitative, which causes the change of the criterion of development and makes the development possible both under economic growth and under zero (and even negative) economic growth rates. The peculiarities of the Ukrainian economy, related to the inversion type of market transformation, make solving the basic problems of people’s livelihood the top priority.