Robert K. Schaeffer is Professor Emeritus of Sociology at California Polytechnic State University in San Luis Obispo, and Professor Emeritus of Sociology at Kansas State University. He is the author of Warpaths: The Politics of Partition (1990); War in the World- System (1990); Power to the People: Democratization Around the World (1997); Understanding Globalization: The Social Consequences of Political, Economic, and Environmental Change (1997; 2001; 2005; 2009; 2016); Severed States: Dilemmas of Democracy in a Divided World (1999); Red Inc.: Dictatorship and the Development of Capitalism in China, 1949 to the Present (2012); Social Movements and Global Social Change: The Rising Tide (2014); and with Torry Dickinson, Fast Forward: Work, Gender and Protest in a Changing World (2001); and Transformations: Feminist Pathways to Global Change (2008).

By situating the period from 1980 to 2020 as one moment within the 500-year history of the globalization, Robert Schaeffer's book enables a dialogue between two otherwise vying traditions of thought: globalization literature and world-systems analysis. The book's consistent world-historical account lays bare long-standing, but short-sighted misconceptions of globalization and carefully unpacks the shifts in meanings as well as the political and economic consequences of its main buzzwords, from globalization itself to crisis, nationalism, and (dis)integration. A fascinating, at times chilling history of the present that every globally-minded social scientist will want to read. Manuela Boatca, University of FriebergRobert Schaeffer has written a revelatory history of the last forty years of global capitalism. Schaeffer rejects the common view that globalization was driven by the removal of government constraints on private capital. Instead, he argues, and demonstrates convincingly, that it was the product of very definite government actions – actions that have come a cropper in the wake of the Great Recession and the pandemic. Schaeffer shows how an event like the financial crash of 1987, which economists have attributed to machine trading, was in fact the result of Reagan administration policy. And he shows how Trump's economic policies, overshadowed by his bigotry and disdain for democracy, did in fact contribute to the end of this era of global capitalism.John Judis, Journalist and author of The Politics of Our TimesAfter Globalization is an excellent overview and analysis of what has happened during the wave of economic globalization in the last decades of the 20th century and the early decades of the 21st century. It discusses why left-wing and right-wing populist resistance to the neoliberal globalization project have emerged and discusses likely further developments as a new period of deglobalization begins. The book will be great for upper division undergraduate global studies, sociology and political science courses.Christopher Chase-Dunn, University of California-Riverside

• 1. The Crisis of U.S. Hegemony and the Battle Against Inflation2. Jumpstarting Wall Street3. Wall Street and Stock-Price Inflation4. Mergers and Downsizing5. De-Unionization, Outsourcing, and De-Industrialization6. Technology and Job Loss7. Economic Inequalities8. Globalization and Crises9. Globalization and China10. Housing and the Great Recession11. The Economic Costs of the Great Recession12. The Political Consequences of the Crisis13. Uncoupling and De-Globalization14. Marginalization and Disintegration15. Covid and the Greater Recession

Robert K. Schaeffer is Professor Emeritus of Sociology at California Polytechnic State University in San Luis Obispo, and Professor Emeritus of Sociology at Kansas State University. He is the author of Warpaths: The Politics of Partition (1990); War in the World- System (1990); Power to the People: Democratization Around the World (1997); Understanding Globalization: The Social Consequences of Political, Economic, and Environmental Change (1997; 2001; 2005; 2009; 2016); Severed States: Dilemmas of Democracy in a Divided World (1999); Red Inc.: Dictatorship and the Development of Capitalism in China, 1949 to the Present (2012); Social Movements and Global Social Change: The Rising Tide (2014); and with Torry Dickinson, Fast Forward: Work, Gender and Protest in a Changing World (2001); and Transformations: Feminist Pathways to Global Change (2008).

By situating the period from 1980 to 2020 as one moment within the 500-year history of the globalization, Robert Schaeffer's book enables a dialogue between two otherwise vying traditions of thought: globalization literature and world-systems analysis. The book's consistent world-historical account lays bare long-standing, but short-sighted misconceptions of globalization and carefully unpacks the shifts in meanings as well as the political and economic consequences of its main buzzwords, from globalization itself to crisis, nationalism, and (dis)integration. A fascinating, at times chilling history of the present that every globally-minded social scientist will want to read. Manuela Boatca, University of FriebergRobert Schaeffer has written a revelatory history of the last forty years of global capitalism. Schaeffer rejects the common view that globalization was driven by the removal of government constraints on private capital. Instead, he argues, and demonstrates convincingly, that it was the product of very definite government actions – actions that have come a cropper in the wake of the Great Recession and the pandemic. Schaeffer shows how an event like the financial crash of 1987, which economists have attributed to machine trading, was in fact the result of Reagan administration policy. And he shows how Trump's economic policies, overshadowed by his bigotry and disdain for democracy, did in fact contribute to the end of this era of global capitalism.John Judis, Journalist and author of The Politics of Our TimesAfter Globalization is an excellent overview and analysis of what has happened during the wave of economic globalization in the last decades of the 20th century and the early decades of the 21st century. It discusses why left-wing and right-wing populist resistance to the neoliberal globalization project have emerged and discusses likely further developments as a new period of deglobalization begins. The book will be great for upper division undergraduate global studies, sociology and political science courses.Christopher Chase-Dunn, University of California-Riverside

• 1. The Crisis of U.S. Hegemony and the Battle Against Inflation2. Jumpstarting Wall Street3. Wall Street and Stock-Price Inflation4. Mergers and Downsizing5. De-Unionization, Outsourcing, and De-Industrialization6. Technology and Job Loss7. Economic Inequalities8. Globalization and Crises9. Globalization and China10. Housing and the Great Recession11. The Economic Costs of the Great Recession12. The Political Consequences of the Crisis13. Uncoupling and De-Globalization14. Marginalization and Disintegration15. Covid and the Greater Recession