The Making of Global Capitalism

Panitch and Gindin’s newest book offers a significant rethinking of the development of global capitalism. Focussing on the American state, they argue that its distinctiveness rests in its capacity to identify the interests of its own capital with that of capital in general, while restructuring other states to the end of spreading capitalist social relations and preventing economic crises from interrupting capital’s globalizing tendencies. Examining recent economic crises, the authors identify social conflict occurring within, rather than between, states, producing political fault-lines replete with possibilities for the emergence of new movements to transcend capitalist markets and states.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.