• Author: Leo Panitch and Sam Gindin
  • Date: 2012
  • Publisher: Verso
  • ISBN: 978-1-84467-742-9

Content:

  • Part 1 - Prelude to the New American Empire: The DNA of American Capitalism, American State Capacities - from Great War to New Deal; Wilson and Hoover - Great Depression and New Deal. 
  • Part 2 - The project for a Global Capitalism: Planning the New American Empire - New Deal and Bretton Woods; Launching Global capitalism - Marshall Plan, Rescue of European Capitalism, Rest of the world.
  • Part 3 - Contradictions of Success: Internationalisation of Production and Finance - detaching from Bretton Woods; Structural Power Through Crisis - class, profits and crisis, transition.
  • Part 4 - Realisation of Global Capitalism: Renewing Imperial Capacity - disciplines, finance and materials; Integrating Global Capital - Europe, Japan, Rest of the World.
  • Part 5 - Rule of Global Capitalism: Rules of Law - free trade, investment, American rules, disciplinary internationalism; The New Imperial Challenge - managing crises, firefighting, Asia, failure of containment.
  • Part 6 - Global Capitalist Millennium: A World After its Own Image - chief financial architect, US and Global economy, integration of China; American Crisis/Global Crisis - smouldering bush fires, 2008, the emperors not so new clothes.

Relevance: Economic history from a left perspective by 2 Canadians (a Toronto Professor and the Auto Union Director), inspiration to get down to practicalities of change. As the conclusion says, to bring about the change that is now demanded (for social justice and democracy) we need "very different movements and parties from those that carried the socialist impulse in the twentieth century...to see this through" p340.