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Ownership, Control and the Market

“For many years capitalism was defined in terms of two key elements: private ownership of the means of production, and the existence of wage labour. These conditions gave rise to the existence of surplus value, which, in the hands of capitalists, became capital. From this sprang a definition . . .” read more

Internationalization of Capital and the Nation State

“Liberal models of the international economy, as of international relations in general, still spring predominantly from an early utilitarianism. The nation state is treated as the basic category in the world: the atom of the system. States are assumed to be rational, self-conscious, self-determining units, analogies of economic . . .” read more