American state capacities : from Great War to New Deal
Planning the new American empire
Launching global capitalism
The contradictions of success
Structural power through crisis
Renewing imperial capacity
Integrating global capitalism
Rules of law : governing globalization
The new imperial challenge : managing crises
A world after its own image
American crisis, global crisis.
The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren't straightforwardly opposing forces. In this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state, including its role as an "informal empire" promoting free trade and capital movements. Through a powerful historical survey, they show how the US has superintended the restructuring of other states in favor of competitive markets and coordinated the management of increasingly frequent financial crises.-- Jacket.