9781781681367

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

A groundbreaking account of America's role in global 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. 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.

Paperback, 464 pages

ISBN: 9781781681367

October 2013

$19.95 / £12.99 / $22.95CAN

Other Editions

Ebook

ISBN: 9781844679454

October 2012

$14.99

Hardback, 464 pages

ISBN: 9781844677429

October 2012

$29.95 / £20.00 / $31.50CAN

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.”

Blog

  • Video: Sam Gindin and Leo Panitch on the theology of capitalism

    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.

    Visit C-SPAN's website to view the video.
  • 'No Better Model' - Red Pepper's Review of The Making of Global Capitalism

    Patrick Bond, professor of political economy, has given Leo Panitch and Sam Gindin's The Making of Global Capitalism a glowing review in Red Pepper Magazine.

    He attests that the book is "better than anything else now available" at revealing "Washington’s combined, uneven and fatally contradictory processes of imperialist expansion, catastrophic financialisation, excessively liberalised trade, intensifying class struggle and crisis mismanagement."

    Panich and Gindin:
    provide a masterful century-long history of US corporate activity and state economic strategy. Insofar as capitalist states are where class interests are codified, their spicy reading of dry officialdom’s milquetoast narratives is absolutely vital to our knowledge about power.


    Furthermore, Bond emphasizes the resoluteness of thier political commitment to Marxian principles that critique liberal reformism whilst defending "socialist aspirations." 

    Visit Red Pepper to read the review in full.

  • Surfing the Crisis: The Making of Global Capitalism is Making Waves

    The Making of Global Capitalism is making waves across the UK and Europe. As Adam David Morton, Associate Professor in Political Economy and co-Director of the Centre for the Study of Social and Global Justice (CSSGJ) at the University of Nottingham, notes on his blog, "the book is rightly heralded as a groundbreaking assessment of American empire in shaping global capitalism." Furthermore:



    This is a political economy of American empire that rivals the work of Eric Hobsbawm in its accessibility and its forensic grasp of the intellectuals of statecraft (referring to a whole community of American state bureaucrats, leaders, foreign policy experts, and advisors who comment upon, influence, and conduct the activities of statecraft) essential to the making of global capitalism.



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