Capitalism is national & transnational, but what about the money?

This is my short response to William I. Robinson’s post here and Fred Magdoff’s note in the comment section of that post: While I generally agree with Robinson’s and Magdoff’s analyses, what is absent, specifically with respect to Robinson’s discussion, is a concrete assessment of the acute variables that measure the degree to which national … More Capitalism is national & transnational, but what about the money?

New Book: Playing with Fire – Deepened Financial Integration and Changing Vulnerabilities of the Global South

By Yilmaz Akyüz. From Oxford University Press: Starting in the early 1990s many emerging and developing economies (EDEs) liberalized their capital accounts, allowing greater freedom for international lenders and investors to enter their markets as well as for their residents to borrow and invest in international financial markets. Despite recurrent crises, liberalization has continued and … More New Book: Playing with Fire – Deepened Financial Integration and Changing Vulnerabilities of the Global South

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

Tom Palley on Trumponomics: Neocon Neoliberalism Camouflaged with Anti-Globalization Circus

By Tom Palley, A key element of Trump’s political success has been his masquerade of being pro-worker, which includes posturing as anti-globalization. However, his true economic interest is the exact opposite. That creates conflict between Trump’s political and economic interests. Understanding the calculus of that conflict is critical for understanding and predicting Trump’s economic policy, … More Tom Palley on Trumponomics: Neocon Neoliberalism Camouflaged with Anti-Globalization Circus