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Published on Nov 17, 2008
Jerry Harris, Devry professor, author of The Dialectics of Globalization, explains the growing globalization of transnational capitalism replacing national sovereignty, at the Brecht Forum, November 14, 2008
Co-sponsor: Science & Society
The Political Economy of Globalization
US Hegemony or Transnational Capital?
Is globalization a project of US imperialism or an emerging transnational capitalist class? Harris argues that while nationalism still plays a strong role in world affairs, particularly in the form of the US military/industrial complex, economic hegemony is now in the hands of transnational capital. The central historical process at work is the conflict between a descending form of capitalist accumulation based on national markets and the nation state and an ascending model of accumulation based on the transnationalization of finance and production. The contradiction between nationalism and globalization cuts across traditional party lines as the capitalist class struggles to develop a political project that can manage their growing crisis.
Jerry Harris is a professor of history at DeVry University, Chicago and author of The Dialectics of Globalization, Political and Economic Conflict in a Transnational World. He is national secretary of the Global Studies Association and his articles are often featured in Science & Society, Race and Class and Das Argument. Professor Harris has spoken widely on globalization including lectures in London, Prague, Bogota and Rajasthan.