A Theory of Global Capitalism

In this book, sociologist William Robinson offers a theory of globalization that follows the rise of a new capitalist class - and a new type of state formation. He explains how global capital mobility has allowed capital to reorganize production worldwide in accordance with a whole range of considerations that allow for maximizing profit-making opportunities. This worldwide decentralization and fragmentation of the production process has taken place alongside the centralization of command and control of the global economy in transnational capital. In turn, this economic reorganization finds a political counterpart in the rise of the transnational state. In the future, Robinson argues, hegemony will be exercised not by a particular nation-state but by the new global ruling class who, regardless of their nationality, tend to share similar lifestyles and interact through expanding networks of this transnational state. In this way, the process of globalization is unifying the world into a single mode of production that is increasingly integrating different countries and regions into a new global economy and society.
Robinson concludes that, because the new global capitalism is rife with contradictions, the twenty-first century is likely to harbor ongoing conflicts and disputes for control between the new transnational ruling group and the expanding ranks of the poor and the marginalized.