Global Capitalism

Robert J. S. Ross is Associate Professor of Sociology at Clark University. Kent C. Trachte is Dean of Freshmen at Franklin and Marshall College.

"This work addresses very important questions about structural change and continuity in modern world society. It combines a patient and careful study of key changes in political and economic institutions with a cogent argument for the thesis that a new stage of capitalist development has arrived. Ross and Trachte's book is an extremely important contribution to social scientific theorizing about modern society." — Christopher Chase-Dunn, Johns Hopkins University

• Figures Tables Acknowledgments Part I Chapter One: Introduction to the New Leviathan The Irony of the New LeviathanDiscovering the New Leviathan: Global CapitalismDomains of New TheoryGlobal Capitalism: An Informal SummaryLevels of theory and historical perspectiveMethods for strategic analysisPower, ideology and global capitalismOverview Part II: Toward a New Synthesis Chapter Two: Tools for Analysis Introduction: Capitalist Crisis and Social TheoryOverview of Section IIA Definition of Capitalism as a Mode of ProductionVariants of the Capitalist Mode of ProductionGlobal Capitalism as a Submode of CapitalismThe Strategic Relationships within CapitalismCapital-to-laborCapital-to-capitalCapital-to-[the]-stateCrisis Tendencies under CapitalismThe Tendency for the Rate of Profit to DeclineElements of the Labor Theory of ValueClass struggle, the rising strength of labor and the rate of profitThe tendency for the organic composition of capital to riseRealization failure and falling profitsContrasts among the three crisis theoriesThe Concept of a Restructuring CrisissChapter Three: The Birth and Death of Monopoly Capitalism IntroductionThe Capital-to-Capital Relation in the Theory of Monopoly CapitalismThe Capital-to-Labor Relation in the Theory of Monopoly CapitalismThe Capital-to-State Relation in the Theory of Monopoly CapitalismDynamics in the Theory of Monopoly CapitalismThe Theory of Monopoly Capitalism: An Assessment Chapter Four: The Present as the Past: World Systems Theory IntroductionWorld Systems Theory: Methodology, Concepts and PropositionsWorld Systems Theory: Changes and CyclesWorld Systems Theory and Secular TrendsThe World System since 1945Capital-to-capital relationsCapital-to-labor relationsCapital-to-state relationsSummaryWorld System Theory: A Conclusion Chapter Five: Global Capitalism Introduction: The Theme Is PowerThe Capital-to-Labor Relation under Global CapitalismThe Capital-to-Capital Relation under Global CapitalismThe Capital-to-State Relation under Global CapitalismSummary: Global CapitalismA Crisis of Restructuring: The Transition from Monopoly to Global CapitalismRestructuring Crisis or Cycle of Contraction?Implications for the Older Industrial Regions and CitiesImplications for the PeripheryA New International Division of Labor?: The State of the DebateMonopoly Capital and World Systems Views of the New International Division of LaborGlobal Capitalism and the New International Division of LaborConclusion Part III: Explorations in Global Capitalism Chapter Six: The Restructuring of the World Economy under Global Capitalism IntroductionSection 1:A New Form of Capitalist Competition: The Strategy of Glabal Spatial Mobility The Growth of Foreign Investment in Manufacturing in the Third WorldOther Means of Relocating Manufacturing Production to the PeripheryCapital Relocation to the Periphery and the Balance of Class ForcesThe Sectoral Pattern of the Relocation of Manufacturing Production to the PeripheryThe National Pattern of Manufacturing Investment in the PeripheryA Note on the Semi-PeripherySummary Section 2: THE RESTRUCTURING OF THE GLOBAL PRODUCTION ECONOMY Regional Patterns of GrowthRegional Patterns of Structural ChangeSummaryForeign Investment and Peripheral IndustrializationA World System Cycle or a Transition to Global Capitalism? Section 3: A New International Division of Labor The Growth of Manufacturing Exports From the Periphery and Semi-PeripheryA Comparison of the Growth of Manufacturing Exports from the Periphery with the Growth of Core ExportsThe New Role of the Third World in the World System of TradeA Sectoral View of Peripheral Industrialization and the New International Division of LaborA Qualifying NoteSummary Section 4: The Costs and Constraints of Global Capitalism in the Third World Reprise and Prospect Chapter Seven: The Monopoly Sector in the Core: The Crisis of Detroit Section 1: Detroit and the Era of Monopoly Capitalism Introduction: Detroit and the American Way of LifeUnderstanding Detroit: Understanding the Global System Section 2: The Automobile Industry and the Crisis of Detroit as a Case in the Transition from Monopoly to Global Capitalism Detroit and the Automobile Industry and the Era of Monopoly CapitalismCapital-to-Capital Relations in the Automobile IndustryDecline of HegemonyChange in marketshareThe return of price competitionSummaryCapital-to-Labor Relations: Global Capital Mobility as The New Lever of Exploitation in the Automobile IndustryCapital-to-Labor Relations: Evidence of the Global Mobility of U.S. Auto CapitalCapital-to-Labor Relations: The Use of Capital Mobility as a Lever of Exploitation in the 1982 Labor Negotiations in the Automobile IndustryCapital-to-Labor Relations: The Impact of Global Capitalism on U.S. Auto WorkersTransition or Cycle in a Monopoly SectorCapital-to-Labor Relations in the Detroit RegionCapital-to-State Relations in the Detroit Region Section 3: The Restructuring of the Economy of Detroit A State of EmergencyIndicators of Decline in DetroitWhat is the Future of Detroit?The delinking of Detroit and the Automobile IndustrySigns of Transition in Detroit Section 4: Summary and Reprise New York and Detroit: Regional Differences under Monopoly Capitalism Chapter Eight: Global Cities and Global Classes: The Periphery Comes to the Core in New York City Section 1: Global Cities in the World-system of Capitalism The Concept of a Global CityImages of the Global CitiesConceptualizing Change and Its Consequence for the Working Class in Global Cities Section 2: The Working Class in Global Cities: Alternative Theoretical Sources Theories of Unequal Exchange: The Working Class in Core RegionsThe Perspective of Global Capitalism Section 3: New York: The Empire City New York's Manufacturing in DeclineCircuit One: Capital Mobility and the Vulnerability of Labor in New York CityThe Reserve Army in New York CityThe Reentry of Capital: The Periphery in the Global CityThe Income and Wage Implications of New York's Structural ShiftWages in the Global CityThe Sphere of Reproduction: Housing ConditionsThe Periphery in the Core: Poverty and Infant Mortality Rates in New York Section 4: SUMMARY AND REPRISE Chapter Nine: Remaking the State in Massachusetts Section 1: Massachusetts and Social Theory Section 2: Restructuring MassachusettsFull Employment in Massachusetts: The Aftermath of DeclineThe Effect of Job Loss and Capitalist Competition in Traditional IndustriesThe Capital to Labor Relation: UnionizationJob Growth in High Technology and Services: Discipline Yields Re-EntryThe Global Dimension of High Tech GrowthA Note on The Pentagon ConnectionAfter the Storm: A Restructured Economy Section 3: The Ascendance of High Tech IntroductionProposition 2 1/2: Developing a Mass BasePlant Closing Legislation: The Politics of ConsensusConclusionSummary: Strategic Relations in MassachusettsCapital-to-capitalCapital-to-laborCapital-to-state Part IV: Politics and the State Chapter Ten: Th