The book provides a theoretically and historically informed analysis of the global economic crisis. It makes original contributions to theories of value, of crisis and of the state and uses these to develop a rich empirical study of the changing character of capitalism in the twentieth century and beyond. It defends, uses and develops Marxist theory while arguing particularly against jumping too quickly from abstract concepts to a concrete understanding of the crisis. Instead, it uses what Marx described in his notebooks as an ‘obvious’ analytical ordering to progress from a general analysis of economy and society to a discussion of recent economic transformations and the specifics of the crisis and its aftermath.Dunn argues that appropriately reconceived, a critical Marxism can incorporate and enrich rather than rejecting insights from other traditions. He disputes general characterisations of capitalism to the crisis and theories which see finance and the contemporary financial crises as largely detached from other aspects of the economy and society. Providing a thoroughly socialised and historically based account, this book will be vital reading for students and scholars of political economy, international political economy, Marxism, sociology, geography and development studies.

This volume brings together original and timely writings by internationally renowned scholars that reflect on the current trajectories of global capitalism and, in the light of these, consider likely, possible or desirable futures. It offers theory-informed writing that contextualizes empirical research on current world-historic events and trends with an eye towards realizing a future of human, social and economic betterment.

Addresses the internal relations of global capitalism, global war, global crisis, connecting uneven and combined development, social reproduction, and world-ecology to appeal to scholars and students alike.

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.

William Robinson offers a concise, authoritative, and persuasive account of the ills, economic, ecological, and geopolitical, afflicting global capitalism, and shows that they are potentially fatal to both humankind and the system itself – compelling reading for anyone who wants to decipher the gathering storm clouds.” ALEX CALLINICO, Professor of European Studies, King’s College, London "Few scholars are better qualified than William I. Robinson to summarize the Marxist economic critique and to apply it to the current terminal crisis of the capitalist system." KEES VAN DER PIJL, States of Emergency: Keeping the Global Population in Check “Every paragraph of Can Global Capitalism Endure? sizzles with insights. Here is William I. Robinson at his best: empirically sensitive, theoretically original, politically committed”. JASON W. MOORE Global capitalism is facing an unprecedented crisis. The global economy is mired in prolonged stagnation. The worldwide social fabric is in decay. Civil strife and social upheaval are tearing up political systems and, in some cases, leading to the collapse of states. The planetary ecosystem is breaking down. Millions are fleeing, displaced by climate change, transnational corporate land grabs, wars and political persecution. How far into the future can global capitalism endure? In this urgent new study, sociologist William I. Robinson presents a “big picture” snapshot of the crisis of capitalism and the battle for the future of humanity. Drawing on 30 years of scholarship and activism, Robinson applies his original theory of global capitalism to the emerging digital age. He shows how global elites have pinned their hope on economic reactivation through the application of radical new digital technologies and financial strategies to the global economy and society. The rulers will turn to enhancing a global police state to contain mass rebellion as humanity enters a season of chaos and global civil war. The capitalist class and privileged strata of humanity may be able to survive collapse for decades to come even as a majority of humanity faces desperate struggles for survival that lead many to perish in the coming years. But there is eventually a terminal point to capitalist expansion as mass extinction and the radical alteration of the natural environment make life for our species and most others impossible. The only solution is a reversal of escalating inequalities through a radical redistribution of wealth and power

The essays in this volume were published across the 1984-2011 period, and range across a variety of topics and approaches to investigate the changing nature of global capitalism as a social order. As such, they are a valuable and instructive account of the evolution of global capitalism and of the debates which sought to make sense of this; moreover, they enable us to understand more clearly how capitalism may change and evolve in the coming years and decades. The introduction provides a brief historical account of how global capitalism has changed since the 1960s, before summarising each of the essays, situating them more immediately in the context in which they were written. After sketching the evolution of his views over the period, the author concludes by discussing some important dimensions of global capitalism that need further study. The twelve essays are presented in four sections, dealing with the overarching theme of globalisation; the case of Britain; the developing regions of the global South and the former Soviet bloc; and the crisis that has gripped global capitalism since 2008. Presenting an interdisciplinary approach that corresponds with the emergence of international political economy as a distinct field of scholarship, this book will prove to be an invaluable resource for students and scholars of international political economy, politics, economics, international relations, development studies, human geography, critical sociology and business studies.

The global capitalism perspective is a unique research program focused on understanding relatively recent developments in worldwide social, economic, and political practices related to globalization. At its core, it seeks to contextualize the rearticulation of nation-states and broad geographic regions into highly interdependent networks of production and distribution, and in so doing explain consequent changes in social relations within and between countries in the contemporary era. The present volume contributes to this effort by focusing on social class formation across borders via the processes and actors that make globalized capitalism possible. The essays presented here offer a wide range of emphases in terms of the particular lenses and evidence they use. They cover such topics as the emergence of a transnational capitalist class-based fascist regime responding to the structural crises of global capitalism as well as the links between global class formation and the US racial project as it relates to electoral politics and demographic changes in the US South. This book was published as a special issue of Globalizations.

In this book Wayne Hope analyzes the double relation between time and global capitalism. In order to do this, he cross-relates four epistemes of time - epochality, time reckoning, temporality and coevalness – with four materializations of time – hegemony, conflict, crisis and rupture. Using this framework allows Hope to argue that global capitalism is epochally distinctive, riven by time conflicts, prone to recurring crises, and vulnerable to collective opposition. These critical insights are not easily thematized in a mediated world of real-time reflexivity, detemporalized presentism, and denials of coevalness associated with structural exclusions of the poor. However, the worldwide repercussions of the 2008 financial collapse and the resulting confluence of occupation movements, riots, protests, strike activity, and anti-austerity activism raises the prospect of a rupture within and beyond global capitalism.

People from West Africa are risking their lives and surrendering their citizenship rights to enter exploitative labour markets in Europe. This book offers an explanation for this phenomenon that is based on close analysis of the contradictory economic and political agendas that create and constrain labour migration. It shows how global capitalism regulates different stages of the process within an interconnected system of economic dispossession, the construction of an illegal status, border control, labour exploitation and processes of underdevelopment. This is summarised as a regime of ‘unfree labour mobility’. Combined with structural and historical approaches, this book is based on ethnographic research. It incorporates those who are left behind, those who decide to stay, migrants who fail and those who are on the move, alongside clustered migrant communities in Senegal, Mauritania and Spain. The book’s panoramic approach shows how West African ‘step-wise’ journeys to Europe by land and sea sees competing territorial and economic policies regulating an unstable and unpredictable trajectory, creating ‘illegal’ labour through dual logics of border security and selective labour mobility. This book demonstrates that the diverse channels through which people migrate in the modern era are mediated by European states and labour markets, which utilise border regimes to control labour and be globally competitive. The themes and patterns that emerge, in their context of inter-generational change, present a challenge to the accepted wisdom about the individual and household dynamics of labour migration. This book is of interest to students and scholars of migration, transnationalism, politics, security, development, economics, and sociology.