Global Capitalism: The New LeviathanHow have global markets and global manufacturing changed the balance of social, economic and political power? With this volume Ross and Trachte challenge existing political-economic theory. In concise terms they show how traditional theories of monopoly capitalism and world systems are not well-suited to analyze the emergence of global capitalism. This book, in a series of case studies of U.S. metropolitan areas, examines the dramatic transformation of the world economy in the last two decades. The book s last section examines political strategy and the political theory implied by the heightened power of capital. |
Contents
Introduction to the New Leviathan | 2 |
Global Capitalism | 3 |
Domains of New Theory | 4 |
Methods for strategic analysis | 7 |
Power ideology and global capitalism | 8 |
Overview | 11 |
Toward a New Synthesis | 19 |
Tools for Analysis | 20 |
Understanding the Global System | 116 |
THE AUTOMOBILE INDUSTRY AND THE CRISIS OF DETROIT AS A CASE IN THE TRANSITION FROM MONOPOLY TO GLOBAL CAPIT... | 117 |
CapitaltoCapital Relations in the Automobile Industry | 119 |
Change in market share | 120 |
Summary | 121 |
Evidence of the Global Mobility of U S Auto Capital | 123 |
The Use of Capital Mobility as a Lever of Exploitation in the 1982 Labor Negotiations in the Automobile Industry | 127 |
the Impact of Global Capitalism on U S Auto Workers | 129 |
Overview of Section II | 22 |
A Definition of Capitalism as a Mode of Production | 23 |
Global Capitalism as a Submode of Capitalism | 25 |
Capitaltolabor | 26 |
Capitaltocapital | 27 |
Capitaltothestate | 28 |
The Tendency for the Rate of Profit to Decline | 29 |
Elements of the Labor Theory of Value | 30 |
1 Class struggle the rising strength of labor and the rate of profit | 31 |
2 The tendency for the organic composition of capital to rise | 32 |
3 Realization failure and falling profits | 34 |
Contrasts among the three crisis theories | 35 |
The Concept of a Restructuring Crisis | 36 |
The Birth and Death of Monopoly Capitalism | 38 |
The CapitaltoLabor Relation in the Theory of Monopoly Capitalism | 41 |
The CapitaltoState Relation in the Theory of Monopoly Capitalism | 43 |
Dynamics in the Theory of Monopoly Capitalism | 45 |
An Assessment | 48 |
The Present as the Past World Systems Theory | 51 |
Methodology Concepts and Propositions | 52 |
Changes and Cycles | 54 |
World Systems Theory and Secular Trends | 55 |
The World System since 1945 | 56 |
Capitaltolabor relations | 58 |
Capitaltostate relations | 59 |
Summary | 60 |
Global Capitalism | 62 |
The CapitaltoLabor Relation under Global Capitalism | 64 |
The CapitaltoCapital Relation under Global Capitalism | 65 |
The CapitaltoState Relation under Global Capitalism | 66 |
Global Capitalism | 68 |
The Transition from Monopoly to Global Capitalism | 69 |
Restructuring Crisis or Cycle of Contraction? | 72 |
Implications for the Older Industrial Regions and Cities | 73 |
Implications for the Periphery | 74 |
Monopoly Capital and World Systems Views of the New International Division of Labor | 77 |
Conclusion | 78 |
Explorations in Global Capitalism | 81 |
The Restructuring of the World Economy under Global Capitalism | 82 |
THE STRATEGY OF GLOBAL SPATIAL MOBILITY | 85 |
The Growth of Foreign Investment in Manufacturing in the Third World | 86 |
Other Means of Relocating Manufacturing Production to the Periphery | 87 |
Capital Relocation to the Periphery and the Balance of Class Forces | 88 |
The National Pattern of Manufacturing Investment in the Periphery | 91 |
A Note on the Semiperiphery | 92 |
Summary | 93 |
Regional Patterns of Growth | 94 |
Regional Patterns of Structural Change | 96 |
Summary | 100 |
A World System Cycle or a Transition to Global Capitalism? | 102 |
A NEW INTERNATIONAL DIVISION OF LABOR | 103 |
A Comparison of the Growth of Manufactured Exports from the Periphery with the Growth of Core Exports | 104 |
The New Role of the Third World in the World System of Trade | 107 |
A Sectoral View of Peripheral Industrialization and the New International Division of Labor | 110 |
Summary | 111 |
Reprise and Prospect | 113 |
The Monopoly Sector in the Core The Crisis of Detroit | 115 |
Transition or Cycle in a Monopoly Sector | 132 |
CapitaltoLabor Relations in the Detroit Region | 135 |
CapitaltoState Relations in the Detroit Region | 139 |
THE RESTRUCTURING OF THE ECONOMY OF DETROIT | 141 |
Indicators of Decline in Detroit | 142 |
What is the Future of Detroit? | 143 |
Signs of Transition in Detroit | 144 |
SUMMARY AND REPRISE | 145 |
Regional Differences under Monopoly Capitalism | 146 |
Global Cities and Global Classes The Periphery comes to the Core in New York City | 148 |
Images of the Global Cities | 149 |
Conceptualizing Change and Its Consequences for the Working Class in Global Cities | 151 |
ALTERNATIVE THEORETICAL SOURCES | 152 |
The Perspective of Global Capitalism | 153 |
The Empire City | 156 |
Capital Mobility and the Vulnerability of Labor in New York City | 157 |
The Reserve Army in New York City | 158 |
The Periphery in the Global City | 159 |
The Income and Wage Implications of New York Citys Structural Shift | 162 |
Wages in the Global City | 163 |
Housing Conditions | 165 |
Poverty and Infant Mortality Rates in New York City | 166 |
SUMMARY AND REPRISE | 169 |
Remaking the State in Massachusetts | 172 |
RESTRUCTURING MASSACHUSETTS | 174 |
The Effect of Job Loss and Capitalist Competition in Traditional Industries | 177 |
Unionization | 181 |
The Global Dimension of High Tech Growth | 183 |
A Note on the Pentagon Connection | 185 |
THE ASCENDANCE OF HIGH TECH | 189 |
Developing a Mass Base | 192 |
The Politics of Consensus | 195 |
Conclusion | 201 |
Capitaltostate | 202 |
Politics and the State | 203 |
The Strategy of Classes in the Older Regions | 204 |
Organizing in the Sphere of Production | 207 |
Organizing in the Sphere of Consumption | 208 |
Urban social movements | 209 |
The limits of the new populism | 210 |
The sphere of consumption | 211 |
Coalition Formation | 212 |
The national arena | 214 |
State Autonomy and the Prospects for Socialism | 217 |
The Historical Basis of Relative Autonomy | 218 |
Relative autonomy and monopoly capitalism | 219 |
The Transition to Global Capitalism | 222 |
Global Capitalism and Relative Autonomy | 223 |
Global Capitalism and the Theory of the State | 224 |
The Decline of Relative Autonomy | 226 |
An Alternative View | 227 |
The Implications of the Relative Decline of Relative Autonomy | 228 |
Socialism and Global Capitalism | 229 |
Endnotes | 231 |
Bibliography | 278 |
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Common terms and phrases
American analysis automobile industry average Baran and Sweezy Boston Globe capital mobility Capital-to-Labor Relations capital-to-state capitalist capitalist class chapter Chase-Dunn Christopher Chase-Dunn class struggle core corporate costs countries crisis theory decline Detroit Development division of labor dominant dynamics employers employment foreign investment global capitalism global cities global firms growth High Technology Ibid Immanuel Wallerstein income increase international division labor force low-wage market shares Marxist Massachusetts mode of production monopoly capitalism monopoly sector Monthly Review motor vehicle O'Connor older regions percent periphery perspective plant closing price competition rate of exploitation rate of profit relative autonomy restructuring role stagnation strategic structural change surplus sweatshops tendency theorists theory of global theory of monopoly Third World tion transition U. S. auto U. S. automobile U. S. Department union United University Press Urban wages Wallerstein workers world economy world systems theory York City