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The Making of Global Capitalism: The Political Economy of American Empire

“The most important leftist book of the year, and probably the decade.”—Charles Mudede, The Stranger
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. The Making of Global Capitalism 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 that might transcend global markets.

Reviews

  • “Lucid and indispensable guides to the history and practice of American Empire.”
  • “A must read for everyone who is concerned about where the future of capitalism might lie.”
  • “The most important leftist book of the year, and probably the decade.”

Blog

  • New Left Review - Issue 88 out now


    The July/August issue of New Left Review is now on sale, featuring the following essays:

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  • The Verso Undergraduate Reading List



    BACK TO UNIVERSITY/SCHOOL! 50% OFF EVERYTHING FOR ONE WEEK ONLY!

    Feeling underwhelmed by your orthodox assigned readings? Expand your knowledge of left theory, give your political arguments some bite, and spark a love for revolutionary writers with this updated list of essential Verso books for undergraduates.

    Whether you're a student of history, sociology, political science, or geography, look no further for key radical texts and indispensable primers on today's top thinkers. 

    The list is divided into Politics, Philosophy, Feminism, Postcolonial Studies, History and Geography - see below for our recommended reading in these areas.

    All of these books will be discounted by 50%, with free shipping and bundled ebook, when you buy through our website until midnight on Tuesday September 16th! Not all books are available in all regions (apologies!) and - of course - only whilst stocks last.

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  • Leo Panitch and The Making of Global Capitalism: An Alternative Theorisation

    Renowned political economist and Marxist theorist Leo Panitch was interviewed by E-International Relations about his latest co-authored publication The Making of Global Capitalism: The Political Economy of American Empire.



    In this magnum opus, Gindin and Panitch demonstrate the intimate relationship between modern capitalism and the American state, including its role as an “informal empire” promoting free trade and capital movements.

    In the interview with E-International Relations, Panitch discusses the  scrutinizes various theses that have informed contemporary political and economic discussion: inter-imperial rivalry, democratic peace thesis, and the development of underdevelopment.

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Other books by Sam Gindin and Leo Panitch