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A new and essential history of the Labour new left from Tony Benn to Jeremy Corbyn.
This book addresses the challenges facing socialists and the recent shift from protest to politics. It examines the limits and possibilities for class, party and state transformation and the democratic and socialist insurgencies inside the Labour Party in Britain, and the Democratic Party in the USA.
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.The Making of Global Capitalism, through its highly original analysis of the first great economic crisis of the twenty-first century, identifies the centrality of the social conflicts that occur within states rather than between them. These emerging fault lines hold out the possibility of new political movements transforming nation states and transcending global markets.
The attempt to establish a 'new social contract' between the Government and the unions, with a view to stabilising the economy and restraining industrial militancy, emerged as a burning issues of contemporary British politics during the 1970s. This study uncovers the roots of this development in the incomes policies of successive post-war Governments.
Thirteen critical essays on the economy and politics of the modern world are presented here. They include socialistic analyses of gobalization, the modern capitalist state, the "weightless economy", the ideology of neo-liberalism in Britain, and the economic crises in Southeast Asia.
Various contributors ask and discuss: how does the new American Empire work?; who runs it?; how stable is it?; what is the new American Empire's impact throughout the world?; what is its influence on gender relations?; on the media?; on popular culture?
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