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Globalization Today: At The Borders Of Class And State Theory

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Chapter Summary

On the debates on the trajectory of capitalism, differences arise over continuity versus change: what is qualitatively different and what is quantitatively developmental. Discussions of a transnational capitalist class (TCC ) and a transnational capitalist state (TCS) fall in this category. What is widely called globalization has stimulated a literature arguing for the creation of a single TCC, which acts through a TCS, both of which have come into existence recently or are emergent developments. Debates have tended to totally accept or reject the TCC/TCS framing. This chapter explores the middle ground, the ways in which such a paradigm in some of the forms in which it has been proposed is and is not appropriate for understanding the contemporary global political economy conjuncture. It deals with the concept of a TCS and the interrelation and tension between class and state theory in understanding aspects of the contemporary period.

Keywords:capitalism; global political economy; globalization; state theory; transnational capitalist class (TCC ); transnational capitalist state (TCS)



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