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The Crisis of Risk
For the last decade, progressive scholars determined to understand the 2008 financial crisis have examined the growth of US subprime mortgage debt in the period leading up to the collapse and how government policy supported this accumulation. However, the long history of the subprime crisis, its connection to the patterns of financial risk designated by the postwar international monetary system, has been all too often overlooked. This book explores the long history of the subprime crisis through an original theoretic lens that sheds light on the institutional basis of global debt markets and the role of US Treasury debt in the international financial system.
Marxism and the Capitalist State
This book builds on the recent revival of interest in Marx and Marxism, calling for a renewal and refinement of Marxist state theory. It aims to provoke and encourage new debates and critiques that build on—but also update and extend—the rich tradition of Marxist analyses of the capitalist state, including the well-known debates of the 1970s. The chapters present a dynamic and diverse constellation of arguments and perspectives on a range of topics, from general re-appraisals of the capitalist state to investigations of contemporary challenges—including digitalisation, the ecological crisis, the coronavirus pandemic, social reproduction, and critical political economy. What they share is a commitment to an understanding of the specifically capitalist character of the modern state and its significance for any serious discussion of the causes of our current age of global catastrophe and the overcoming of capitalist social relations.
Capital and Politics
The 59th annual volume of the Socialist Register offers a careful political assessment of the organization and practices of the modern corporation that underpin the parameters of power in capitalist societies. Original essays address the various mythologies of 'stakeholder' governance beloved by liberal reformers, and others take up the renewal of financial capital since the great crisis, the continued centrality of the oil and extractive sectors to the world market, and the global logistics coordinating the circulation of capital. New forms of worker organizing to match the ways new value is being produced and circulated are looked at across the volume, notably in key firms like Amazon and in central zones of world capitalism in China, the US, and Brazil. A special section honours and appraises the contribution of Leo Panitch to socialist analysis and strategy today--back cover.
The Anarchical Society at 40
First published in 1977, Hedley Bull's The Anarchical Society is one of the classic texts in International Relations. This volume revisits Bull's work, providing new readings of the text, developing new criticisms and exploring its relevance to a wide range of contemporary issues in world politics.
Rudolf Hilferding
This edited volume is focused on Hilferding's major work, Finance Capital. In revisiting this influential book from a methodological point of view, both historical and intellectual, this book affirms Hilferding's place in the Marxist tradition. Hilferding's ideas are used to criticise incumbent approaches in economics and enrich existing discussions and debates about the nature of modern capitalism. In doing so, this book highlights the importance of Hilferding's work in analysing and understanding modern capitalism and corporate developments. The volume has contributions from a range of expert scholars addressing various aspects of Hilferding’s arguments. It elaborates on Hilferding’s central idea on the political economy, as well as its historical context, and its relation to Marx. Contributors move on to criticize Hilferding’s views on the political economy and politics in general. This book is relevant to those interested in the political economy, the history of economic thought, and European politics.
Encyclopedia of Critical Political Science
An indispensable and exemplary reference work, this Encyclopedia adeptly navigates the multidisciplinary field of critical political science, providing a comprehensive overview of the methods, approaches, concepts, scholars and journals that have come to influence the disciplineÕs development over the last six decades.
The Fall and Rise of American Finance
The Fall and Rise of American Finance traces the collapse and reconstitution of American financial power from the disintegration of robber baron J. P. Morgan's vast empire to the rise of finance behemoth BlackRock. Contrary to what is taken for common sense by figures from Hillary Clinton to Bernie Sanders, Maher and Aquanno insist that financialization did not imply the hollowing out of the "real" economy or the retreat of the state. Rather, it served to intensify competitive discipline to maximize efficiency, profits, and the exploitation of labor-with the support of an increasingly authoritarian state.
Can Global Capitalism Endure?
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 End...
Corporate Capitalism and the Integral State
This book advances an original conception of the relationship between state and corporate power in the United States. Using what he terms an Institutional Marxist framework, Maher argues that, far from passively responding to interest group pressures, the state has been a key agent in politically mobilizing business, and has played an active role in the organization of lobbying groups. Such business associations do not merely express the pre-existing interests of their corporate members, but are also mechanisms through which the state organizes the political power of the capitalist class. They form part of what the author refers to as an integral state—a wider network of state power which traverses and interpenetrates the state bureaucracy, the legislature, the industrial policy apparatus, and corporate governance. Based on extensive archival research, this book tracks the role of the General Electric Company as a pillar of the integral state in the United States from the finance capital period (1880 to 1930), through the managerial period (1930-1979), to the restructuring leading up to the age of neoliberalism (1979-present).
Openings and Closures: Socialist Strategy at a Crossroads
Since the 2016 upsurge in enthusiasm for electoral organizing and party-building, the terrain has shifted. It was not so long ago that a new wave of democratic socialist organizing exploded onto the scene. Quickly, the defeat of candidates such as Bernie Sanders and Jeremy Corbyn had a deflating effect. This followed on the crumbling of the “new parties” in Europe: In Greece, Syriza buckled in the face of the iron straitjacket imposed by EU institutions; in Spain, Podemos fractured under the weight of its ideological and institutional weaknesses; and Bloco fared no better in Portugal. Meanwhile, the Chavez-inspired Bolivarian revolutions in Latin America hit an impasse, barely stumbling ...
