The making of global capitalism
Subtitle: the political economy of American empire
By: by Sam Gindin and Leo Panitch
Contributors: Panitch, Leo
Publisher: Verso
Published: 2012
Place of publication: London; Brooklyn, NY
Language: eng
Number of pages: 456
ISBN-13: 9781844677429; 9781844679454
Subjects: Globalization; International finance; Finance; Foreign economic relations; Economic aspects; Foreign relations; Capitalism
Description: 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. -- Jacket.
Notes: Includes bibliographical references and index.