Steven Connor, in the Times Literary Supplement, sums up the major importance of Slavoj Žižek's ''everlasting gobstopper of a book" Less Than Nothing. In a single paragraph, Connor explains Hegel's Phenomenology of Spirit as the 'engorgement' of Spirit through the dialectical movement of history (spirit meets its negative antagonist in the form of matter or the material world and responds by both preserving and overcoming both thesis and antithesis through the process of sublation), the principle of the postmodernist reaction to it (denouncing the Hegelian dialectic as one of several totalising conceptions of the world that it rejects) and finally Žižek's critical thrust that manages to:
both discredit postmodernist arguments in their dependence on a dishing of Hegel, and to endorse the objections to totality that are key to those postmodernist arguments.

This week, Aaron Leonard interviews Leo Panitch and Sam Gindin on the subject of their recently released book The Making of Global Capitalism, in which they recount these moments of weakness and explain how the U.S.pushed past them to create the global economy as we know it. In the first installation of this three-part series, the two authors go back to World War II to trace the construction of the U.S. empire, moving from the context of a post-war nationalistic interest in free enterprise to the systematic push for an open global market, a market friendliest to multinational corporations and big banks.