The deep economic recession that has occurred in all major sectors of the U.S. and global economy is a manifestation of the underlying contradictions of the capitalist system that has resulted in the accumulation of vast fortunes on one side and impoverishment, debt, and destitution on the other. In short, the crisis of global capitalism is the result of the immense disparities in wealth and income and a consequent widening gap between capital and labor. This ground-breaking book brings together a team of experts on the contemporary global capitalist political economy who are able to shed...

Political Sociology in a Global Era provides a critical analysis of the origins, nature, development, and transformation of the state and society historically and today, examining the class nature and social basis of politics and the state in different societal settings. The book emphasizes the centrality of class relations in explaining political power and the role of the state in class-divided societies by providing powerful theoretical and empirical analyses of themes in political sociology in an era of globalization. It examines in detail the major political issues and events of our time,...

Written by a team of experts on the contemporary global capitalist political economy who are able to shed light on the inner workings of global capitalism and the capitalist globalization process that has led to the growth and development of capitalism from the national to the global level, this groundbreaking volume provides critical analyses of the causes and consequences of the Great Recession of 2008-2009. Through a careful examination of the origin, development and aftermath of the catastrophic economic crisis from which the world is still trying to recover, editor Berch Berberoglu and...