[D66] The Making of Global Capitalism

[Antid Oto]

The Making of Global Capitalism [Hardcover]
Sam Gindin (Author), Leo Panitch (Author)

Book Description
Publication Date: October 9, 2012

Groundbreaking account of the development of 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, 
including its role as an “informal empire” promoting free trade and 
capital movements. Through a powerful historical survey, they show how 
the US has superintended the restructuring of other states in favor of 
competitive markets and coordinated the management of increasingly 
frequent financial crises.

The Making of Global Capitalism, through its highly original analysis of 
the first great economic crisis of the twenty-first century, 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 transforming nation states and transcending 
global markets.

Editorial Reviews
Review
“Lucid and indispensable guides to the history and practice of American 
Empire.” (Naomi Klein )

“This is a major work in political economy—rigorously researched, 
compellingly written, and bursting with fresh insights on nearly every 
page.” (Robert Pollin, Professor of Economics, University of 
Massachusetts Amherst )

“Combining the ferocity of investigative reporters, sophisticated skills 
in interpreting the historical archive, and a profound grasp of theory, 
Panitch and Gindin provide an astonishingly illuminating account of the 
making of global capitalism through the organization of a global 
financial system under US hegemony since World War II. A must read for 
everyone who is concerned about where the future of capitalism might 
lie.” (David Harvey, author of The Enigma of Capital )

“Panitch and Gindin give us a history of global capitalism that brings 
together what has often been represented as unconnected. The authors 
help us see the active making of global capitalism mostly overlooked in 
mainstream explanation. A great book.” (Saskia Sassen, author of 
Territory, Authority, Rights )

“They have few rivals and no betters in analyzing the relations between 
politics and economics, between globalization and American power, 
between theory and quotidian reality, and between crisis and political 
possibility.” (Doug Henwood, editor of Left Business Observer, author of 
Wall Street )

About the Author

Sam Gindin is the Packer chair in Social Justice in the Department of 
Political Science at York University in Toronto. His books include In 
and Out of Crisis: The Global Financial Meltdown and Left Alternatives, 
and The Terrain of Social Justice.

Leo Panitch is Professor of Political Science at York University, 
Canada, and an editor of The Socialist Register. His publications 
include A Different Kind of State? (with Greg Albo and David Langille) 
and Working-Class Politics in Crisis.
Product Details
Hardcover: 464 pages
Publisher: Verso (October 9, 2012)
Language: English
ISBN-10: 1844677427
ISBN-13: 978-1844677429