Law and Labour
Behind the struggles over employment laws in France and Germany, Alain Supiot describes a deeper battle over legal systems. Are national legislative models—now benchmarked for investment efficiency by the international institutions—becoming rival products in a world market of norms?
Choking the South
Charting the impact of fluctuating currencies, volatile stock markets and interest rates on the developing world since the end of the Bretton Woods system, Robert Wade contends that untrammelled mobility of capital—private funds above all—reinforces dynamics of debt and underdevelopment.
Superintending Global Capital
The end of US hegemony has been announced more often even than that of neoliberalism. Yet American power persists, with little resistance so far from rival centres of accumulation. Rationales and indices of the continuing role of the United States as overlord of world capital.
Imbalances of the Global Economy
Wide-ranging account of the growing disequilibria within an increasingly integrated global capitalism. Andrew Glyn takes the measure of China's still gigantic catch-up potential, in comparison to previous Asian NIEs, and assesses the impact of its rise across different sectors of the world economy.
Dividing the Big Family Assets
Where is the PRC heading? One of its leading intellectual iconoclasts, after describing his origins in the Cultural Revolution, offers a long-range comparative perspective on the Chinese state’s strategy for land and industry today. The divisions in the intelligentsia and the fate of the peasantry, the overwhelming majority of the country, as China enters the WTO.
The Social and Political Economy of Global Turbulence
In a landmark engagement with Robert Brenner’s account of the long downturn of the world economy since the 70s, Giovanni Arrighi lays out a social and political economy of the roles of labour unrest, national liberation and corporate financialization in the crisis of the post-war order, and the prospects for a militarized US hegemony today.
On Cultural Markets
The ‘culture industry’ has typically been conceived as a unified, twentieth-century branch of production. Donald Sassoon reveals older, more variegated patterns of development, tracing international relations of cultural dominance from Scott and Verdi to the action movie.
The Filipino analyst and organizer of Focus on the Global South, veteran of the years of Allende and Marcos, discusses the prospects for the World Social Forum after September 11, arguing for the need to link protests against the IMF and WTO to campaigns against US military expansion.
The Enron Debacle and the Pension Crisis
What does the collapse of America’s energy conglomerate reveal about the mechanisms of financial intermediation? Crooked accountancy and plundering of employee pensions as badges of the Anglo-Saxon model that is conquering the landscape of capital today.
Demos and Cosmopolis
As representative democracy spreads it is steadily thinning: the nation-states that have been its traditional framework are losing much of their power. Popular sovereignty can only be recovered, Daniele Archibugi argues, in a cosmopolitan order antithetical to its simulacrum in the ‘international community’ of today.
Globalization and September 11
How far might the current conjuncture alter received notions of globalization? Michael Mann considers the pattern of ‘ostracizing imperialism’ and the springs of Islamic resistance to it, amid wider shifts in the sources of social power—military, economic, political, ideological—at the threshold of the new century.
A reigning doctrine of international relations proclaims that, despite everything, the world is entering a new epoch of hopeful cosmopolitanism—narrow state sovereignty being overcome by the common and, where necessary, armed resolve of a ‘Pacific Union’ of democratic nations. What then of the asymmetric hegemony of the United States?
Into the 21st Century
States, markets, firms, classes, movements—how are they inter-related and where are they moving in the new century? Göran Therborn offers a panorama of global politics that amounts to a powerful and original alternative to all existing readings of the state of the world.
The Boom and the Bubble
In the last four years, the US economy has posted its best performance since the sixties. What is the connexion between the formidable boom in the real economy and the historically unprecedented bubble on the stock market? Could the inflation of asset values far beyond the rise in corporate earnings be preparing a Japanese-style nemesis?
From Media to Mythology
From Lessing to Greenberg, criticism of the arts was founded on the distinctions made between them. Does technology today irreversibly ruin these? Sven Lütticken asks what a radical practice that accepted convergence between artistic media would look like.
Will Global Capitalism be Anglo-Saxon Capitalism?
A decade ago, German and Japanese capitalism were widely held superior in economic performance and social cohesion to American or British. Now the stockmarket-based, deregulated US/UK model has the upper hand in market competition. Will it force all other societies to conform to its rules? Ronald Dore doubts it.
Running the World on Windows
Reviewing Daniele Archibugi’s case for a ‘cosmopolitical democracy’ in NLR 4, Geoffrey Hawthorn argues nation-states can neither be wished away, nor shadowed in parallel by a global civil society: they remain the Hobbesian precondition of a realistic politics, which Kantian prospects set aside at their peril.
Globalization and Political Strategy
The all-purpose G-word, as slogan and euphemism, needs taking apart. Fredric Jameson dismantles its different components—technological, political, cultural, economic and social—and reassembles them into a coherent target for collective resistance.
When the nation-state loses many of its traditional powers, Daniele Archibugi argues, democracy requires a cosmopolitan political authority above it. But current ‘humanitarian’ interventions do not fulfil such higher norms—they betray them, as the self-arrogated prerogatives of the few.
The New Imperial State
Globalization is the watchword of the moment. Does it mean the irresistible sway of markets over states—or are welfare regimes in Europe or dirigiste governments in East Asia still potentially robust? Neither, Leo Panitch argues: the reality is an unprecedented dominance of the United States over world capital flows and allied political systems alike.
Japan’s Economic Crisis
The 20th century’s most dynamic economy has fallen into prolonged paralysis. What are the causes of Japanese stagnation, and why have the country’s rulers reacted so phlegmatically to it? Taggart Murphy highlights the potentially explosive interdependency between Japanese recession and the American bull market.
Managed Openness: Beyond Neoliberal Globalism
“There are two recurring themes that continue to stir interest in the topic of economic globalization. One concerns the character of the global system that is apparently being created through the integration of production, finance, and trade. Can the world economy be selfequilibrating, as many of the more . . .” read more
The Last Utopia
“John Gray originally came to prominence in the 1980s as one of the most formidable and articulate defenders of the anti-rationalist tradition of liberalism which had been revived by Hayek and his associates in the Mont Pélerin Society after 1945 and had subsequently become an important intellectual strand . . .” read more
Capitalism at the Turn of the Century: Regulation Theory and the Challenge of Social Change
“My book, A Theory of Capitalist Regulation, was written more than twenty years ago. The new edition perhaps testifies to the longevity of the ideas it sought to communicate. These two decades, however, have not been kind to anyone trying to make sense of the erratic and sometimes . . .” read more
Questioning Eurocentricism: A Reply to Gregor McLennan
“Gregor McLennan says he is replying to my article on ‘Eurocentrism and its Avatars’. It seems to me what he is doing is taking off from my article to criticize ‘post-colonial theorists’, who are also characterized as ‘maximal anti-Eurocentrics’. The justification seems to be that ‘in places Wallerstein . . .” read more
The Question of Eurocentricism: A Comment on Immanuel Wallerstein
“In his critique of Eurocentrism, Immanuel Wallerstein has provided a useful discussion of a major issue for contemporary left politics and critical social science. By contrast with the higher-profile subject of ‘multi-culturalism’, to which it is of course related, the Eurocentrism question has received less considered debate. Wallerstein’s . . .” read more
The Korean Crisis and the End of 'Late' Development
“The Asian economic crisis has created a watershed in contemporary history, where questions long buried by the demise of Western communism and a militant Left in the democratic countries amid an appallingly self-congratulatory liberal triumphalism, now come sharply to the fore. A systematic failure of capitalism has struck . . .” read more
Power in the Global Arena
“I would like to talk primarily about the United States, its place in the evolving world order, and the prospects for the future. The record of prediction in human affairs is not exactly inspiring, but the task is hopeless without at least a fair grasp of what has . . .” read more