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.
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