New Book: The World-System and Africa

By Immanuel Wallerstein. From Diasporic Africa Press: In The World-System and Africa, Immanuel Wallerstein examines three important, interconnected themes that link Africa and the capitalist world-system of the last 500 years. While drawing attention to the structural crisis of the modern world-system, Wallerstein uses the first set of essays to explore the impact of this … More New Book: The World-System and Africa

Global Capitalism: Reflections on a Brave New World

By William I. Robinson, We are in the throes of a transition to a qualitatively new stage of world capitalism. Its essence is the emergence of truly transnational capital, a transnational capitalist class (TCC) made up of the owners and managers of transnational corporations, and transnational state apparatuses through which the TCC attempts to exercise … More Global Capitalism: Reflections on a Brave New World

New Book: Money as a Social Institution – The Institutional Development of Capitalism

By Ann E. Davis. From Routledge: Money is usually understood as a valuable object, the value of which is attributed to it by its users and which other users recognize. It serves to link disparate institutions, providing a disguised whole and prime tool for the “invisible hand” of the market.This book offers an interpretation of … More New Book: Money as a Social Institution – The Institutional Development of Capitalism

New Book: Fictitious Capital – How Finance Is Appropriating Our Future

by Cédric Durand, translated by David Broder. From Verso: The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we … More New Book: Fictitious Capital – How Finance Is Appropriating Our Future

A 21st Century Marxism: The Revolutionary Possibilities of the “New Economy”

By Chris Wright It should hardly be controversial anymore to say we’re embarking on the “end times” of … something. Maybe it’s corporate capitalism, maybe it’s civilization, maybe it’s humanity. Whatever it is, the unsustainability of the contemporary ancien régime, on the global level, has become obvious. Economically, socially, politically and environmentally, the next 50 years … More A 21st Century Marxism: The Revolutionary Possibilities of the “New Economy”

Reform or Revolution: European Social Democracy and the Roots of the Eurozone Crisis

Pt. 3 of “European Social Democracy and the Roots of the Eurozone Crisis;” see Part 1 here and Part 2 here. By Alejandro Reuss, A deep crisis of global capitalism, its seeds sown in part by a dramatic deregulation of finance, Wolfgang Münchau of the Financial Times notes, would seem tailor-made for a revival of … More Reform or Revolution: European Social Democracy and the Roots of the Eurozone Crisis