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Ernesto Screpanti - Global Imperialism and the Great Crisis The Uncertain Future of Capitalism [2014][A]

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  Book Title: Global
Imperialism and the Great Crisis: The Uncertain Future of Capitalism	 	
  Book Author: Ernesto Screpanti (Author) 
   Hardcover: 288 pages
   Publisher: Monthly
Review Press,U.S. (30 July 2014)
   Language: English
   ISBN-10: 1583674489
   ISBN-13:
978-1583674482
  
  Book Description
  In this provocative study,
economist Ernesto Screpanti argues that imperialism--far from disappearing or mutating into a benign
"globalization"--has in fact entered a new phase, which he terms "global imperialism." This is a phase defined by
multinational firms cut loose from the nation-state framework and free to chase profits over the entire surface of the
globe. No longer dependent on nation-states for building a political consensus that accommodates capital accumulation,
these firms seek to bend governments to their will and destroy barriers to the free movement of capital. And while
military force continues to play an important role in imperial strategy, it is the discipline of the global market that
keeps workers in check by pitting them against each other no matter what their national origin. This is a world in which
the so-called "labor aristocracies" of the rich nations are demolished, the power of states to enforce checks on capital
is sapped, and global firms are free to pursue their monomaniacal quest for profits unfettered by national
allegiance.Screpanti delves into the inner workings of global imperialism, explaining how it is different from past
forms of imperialism, how the global distribution of wages is changing, and why multinational firms have strained to
break free of national markets. He sees global imperialism as a developing process, one with no certain outcome. But one
thing is clear: when economic crises become opportunities to discipline workers, and when economic policies are imposed
through increasingly authoritarian measures, the vision of a democratic and humane world is what is ultimately at
stake.
  
  Reviews
  Ernesto Screpanti takes a forensic look at the modern era of globalization, describing it as a new phase of
imperialism, where giant corporations dominate and manipulate national states. One does not have to agree with
everything to acknowledge the great value and timeliness of this cogently-argued and well-informed analysis.—Geoffrey M. Hodgson, Research Professor of Business Studies, University of
Hertfordshire
  
  Well researched, well-argued, and debunks a lot of popular positions and
arguments that don’t hold water but mislead a lot of people. This book offers a reasonable interpretation of some
very difficult issues and makes the case for a plausible understanding of what has been happening the last twenty or
thirty years. All in all, a tremendous accomplishment.—Edward Nell, Professor of
Economics, New School for Social Research
  
  An original and rich analysis of the new
international economic order. It stands as a very important addition to the debates on the nature of contemporary
capitalism and involves innovative and controversial policy decisions to meet the great crisis facing our
economies.—Ugo Pagano, Professor of Economics, University of Siena,
Italy
  
  About the Author
  Ernesto Screpanti is Professor of Economics of Globalization at the University of Siena,
Italy. His recent publications include The Fundamental Institutions of Capitalism, An Outline of the History of Economic
Thought, and Libertarian Communism: Marx, Engels, and the Political Economy of Freedom. 						

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