June 1, 1997
Let me start with a provocative claim, which is contrary to all the conventional wisdom. The claim I want to make is that this historical moment, the one we're living in now, is the best not the worst, the most not the least appropriate moment to bring back Marx. I'll even claim that this is the moment when Marx should and can come fully into his own for the first time—not excluding the historical moment when he actually lived.
June 1, 1997
There is a great deal of difference however between the strong version of the globalization thesis which requires a new view of the international economy as one that "subsumes and subordinates national-level processes," and a more nuanced view which gives a major role to national-level policies and actors, and the central position not to inexorable economic forces but to politics. In the second perspective, current changes are considered in a longer historical perspective and are seen as distinct but not unprecedented, and as not necessarily involving either the emergence of, or movement toward, a type of economic system which is basically different from what we have known.…It is important to see that the first version of the globalization thesis is based on a myth, has profound political implications which are defeatist, and is not based on a sound analysis of what is a more complex and contestable set of processes.
