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This volume takes an enlightened step back from the ongoing discussion of globalization. The authors reject the notion that globalization is an analytically useful term. Rather, this volume shows globalization as merely the framework of the current political debate on the future of world power. Some of the many other novel ideas advanced by the authors include: the explicit prediction that East Asia is not going to become the center of the world; the contention that the USSR collapsed for the same reasons that nearly brought down the United States in 1973; and the notion that the regional...

This volume takes an enlightened step back from the ongoing discussion of globalization. The authors reject the notion that globalization is an analytically useful term. Rather, this volume shows globalization as merely the framework of the current political debate on the future of world power. Some of the many other novel ideas advanced by the authors include: the explicit prediction that East Asia is not going to become the center of the world; the contention that the USSR collapsed for the same reasons that nearly brought down the United States in 1973; and the notion that the regional...

Situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the system, this is a potential historical turning point. In original essays, the contributors establish why the system was ripe for crisis of the past, and yet why this meltdown was different. The volume concludes by asking whether as...