The Making of Global Capitalism

Resumen del libro

Groundbreaking account of the development of capitalism.

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.

Biografía del autor

Sam Gindin ha sido director de investigación del sindicato<br>canadiense Canadian Autoworkers Union y Packer Visiting Chair en<br>justicia social de la Universidad de York, Entre sus publicaciones<br>destaca In and Out of Crisis: The Global Financial Meltdown and Left<br>Alternatives (con Greg Albo y Leo Panitch).

Biografía del autor

Leo Panitch ostenta la Canada Research Chair en economía política comparada. Es, asimismo, Distinguished Research Professor de ciencias políticas en la Universidad de York. Editor durante 25 años<br>de The Socialist Register, entre sus obras destacan Working Class Politics in Crisis, A Different Kind of State, The End of Parliamentary Socialism, y American Empire and The Political Economy of Global<br>Finance.