ELLEN MEIKSINS WOOD EMPIRE OF CAPITAL PDF

This book analyzes the controversy surrounding imperialism associated with capitalist development. They occurred against the backdrop of global economic integration, but also against the contradictions in its development. Those events and processes are explained in the theory of contemporary capitalist imperialism that the author attempts to reconstruct. The primary tenant of this school of thought is perceiving the separation of political power from economic power as a constitutive feature of capitalism

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Against modish theories of empire, Wood's book takes us back to the basics of Marxism, while inviting us to ponder on today's form of imperialism. Wood's starting point, unlike those of the fashionable theories of empire and globalisation, is the class relation between capital and labour.

Social life under capitalism is dominated by economic requirements. Capitalist imperialism is based on economic predominance rather than on direct political, military or judicial coercion. Yet capitalist appropriation does require the support of extra-economic factors, supplying, for example, the administrative and coercive resources that capital requires.

The nation state remains the most reliable provider of these needs and guarantor of the conditions for capital accumulation. The more purely economic that empire has become, the more nation states have proliferated as conduits of capitalist imperatives. Imperial hegemony relies more than ever on an orderly system of nation states. The political form of globalisation, then, is neither a global state nor a decline of states, but a global system of states structured in relations of domination and subordination.

Returning our focus to capital, Wood argues that 'global capitalism is what it is not only because it is global but, above all, because it is capitalist' p. The well documented problems of globalisation--inequality, injustice, environmental crisis, etc.

So 'Globalization, however much it has intensified these imperatives, is their result rather than their cause' p. Empire has always depended on extra-economic power, and was limited by these capacities. Trading empires like Venice were also dependent on military force. The Dutch empire was based on commercial imperialism and justified by Grotius's theory of the rights and wrongs of war--loved by international-relations scholars, but Ellen Meiksins Wood: Empire of Capital.

Author: Jonathan Joseph. Date: Summer Publisher: Sage Publications Ltd. Document Type: Book review. Length: 1, words. ISBN pbk 10 [pounds sterling] ISBN hbk 15 [pounds sterling] Against modish theories of empire, Wood's book takes us back to the basics of Marxism, while inviting us to ponder on today's form of imperialism. Access from your library This is a preview. Get the full text through your school or public library. Source Citation Joseph, Jonathan.

Accessed 4 June

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Ellen Meiksins Wood: Empire of Capital

Against modish theories of empire, Wood's book takes us back to the basics of Marxism, while inviting us to ponder on today's form of imperialism. Wood's starting point, unlike those of the fashionable theories of empire and globalisation, is the class relation between capital and labour. Social life under capitalism is dominated by economic requirements. Capitalist imperialism is based on economic predominance rather than on direct political, military or judicial coercion. Yet capitalist appropriation does require the support of extra-economic factors, supplying, for example, the administrative and coercive resources that capital requires. The nation state remains the most reliable provider of these needs and guarantor of the conditions for capital accumulation. The more purely economic that empire has become, the more nation states have proliferated as conduits of capitalist imperatives.

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Symposium on Ellen Meiksins Wood's Empire of Capital: Editorial Introduction

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II. Ellen Meiksins Wood – the global empire of capital

Login via Institution. Ellen Wood's study of the new imperialism represents the latest instance of her broader project of reconstituting a non-deterministic form of Marxism which is able both to explain the historical specificity of capitalism and to inform socialist political activity. This essay seeks to locate her analysis of imperialism both in the wider political context within which it was written and as an example of the fecundity of her re-interpretation of historical materialism. After outlining the main themes of Wood's 'political-Marxist' project, I move on to overview the thesis of her book Empire of Capital before finally pointing to the main themes of the ensuing debate. Author: Paul Blackledge 1. Article price:. Add to Cart.

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Empire of Capital

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