The Making of Global Capitalism: The Political Economy of American Empire - Hardcover

Leo Panitch; Sam Gindin

Hardcover

ISBN 10: 1844677427 ISBN 13: 9781844677429

Publisher: Verso Books, 2012

Synopsis

The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren t straightforwardly opposing forces. in this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state, including its role as an informal empire promoting free trade and capital movements. Through a powerful historical survey, they show how the US has superintended the restructuring of other states in favor of competitive markets and coordinated the management of increasingly frequent financial crises. The Making of Global Capitalism, through its highly original analysis of the first great economic crisis of the twenty-first century, identifies the centrality of the social conflicts that occur within states rather than between them. These emerging fault lines hold out the possibility of new political movements transforming nation states and transcending global markets.

About this title

Review:

Lucid and indispensable guides to the history and practice of American Empire. --Naomi Klein

Combining the ferocity of investigative reporters, sophisticated skills in interpreting the historical archive, and a profound grasp of theory, Panitch and Gindin provide an astonishingly illuminating account of the making of global capitalism through the organization of a global financial system under US hegemony since World War II. A must read for everyone who is concerned about where the future of capitalism might lie. --David Harvey

Panitch and Gindin give us a history of global capitalism that brings together what has often been represented as unconnected. The authors help us see the active making of global capitalism mostly overlooked in mainstream explanation. A great book. --Saskia Sassen

About the Author:

LEO PANITCH is Canada Research Chair in Comparative Political Economy in the Department of Political Science at York University, Toronto. Editor of the Socialist Register since 1985, his books include Working Class Politics in Crisis; The End of Parliamentary Socialism; and Renewing Socialism: Transforming Democracy, Strategy and Imagination. SAM GINDIN is the former Research Director of the Canadian Autoworkers Union and Packer Visiting Chair in Social Justice at York University.

About this edition

• Publisher: Verso Books
• Publication date: 2012
• ISBN 10: 1844677427
• ISBN 13: 9781844677429
• Binding: Hardcover
• Number of pages: 464