The making of global capitalism : the political economy of American empire / by Sam Gindin and Leo Panitch.

The making of global capitalism : the political economy of American empire / by Sam Gindin and Leo Panitch.

9781844677429 (hbk. ; alk. paper)
1844677427 (hbk. ; alk. paper)
9781781681367
1781681368
9781844679454 (ebook)
1844679454 (ebook)

London ; Brooklyn, NY : Verso, ©2012.

English

viii, 456 pages ; 24 cm

7649696

330.1220973 G492m 2012

(OCoLC)783160268
(OCoLC)783160268

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.

Includes bibliographical references (pages 341-445) and index.

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