- Subject index
This major book provides an up-to-date and state-of-the-art overview of the contemporary theory and practice of the most central concept in political science: power. The concept of political power is introduced within a three-part framework: contemporary theories of power; applications of power processes and practices; and the implications of modern power flows across the globe today. The book explores the many structures of power in the contemporary world from theories of its construction and use, to its operation in policy networks, and its wider exercise at different levels in the political process, from the local to the global. Amongst the many themes explored are the reproduction and
Chapter 10: Capitalism as a System of Global Power
Capitalism as a System of Global Power
Globalization has become a buzzword and affects us all. Some see it as a beneficial process resulting in prosperity all round, while others see it as causing further inequality and marginalization (Bauman, 1998: 1). Globalization is often understood as a process of liberalization of the economy in which states relinquish some of their authority according to free-market principles enforced by multilateral institutions, and in a situation within which new agents such as the International Monetary Fund, the World Bank and multinational corporations determine global politics, following neoliberal principles (Gill, 1997a). Globalization can also be seen as a process which involves further fragmentation and localization of interests, becoming a complex system of simultaneous ...