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Blog post
Video: Sam Gindin and Leo Panitch on the theology of capitalism
Molly Osberg13 December 2012
On October 31st Sam Gindin and Leo Panitch, authors of The Making of Global Capitalism: The Political Economy of American Empire, spoke at Town Hall Seattle with economics Professor Dan Jacoby. Their conversation, broadcast on C-SPAN's BookTV, challenges the dominant economic theology that assumes globalization to be the natural progression of western capitalism. The authors, whose work Jacobi calls "magisterial," discuss in detail the formation of this ideology after World War II. Probing both the union's emphasis on individual consumption and the anti-globalization movement's tendency towards stasis, Gindin and Panitch call for more effective tactics in the quest for economic reform.