globalizatio of capital

Thomas Meisenhelder tsmeisen at
Mon Apr 24 14:32:58 MDT 1995

I like to start a discussion concerning the growing globaliztion of capital.
What does the developing power of transnational capital --especially finance
capital and the IMF/World Bank-- mean about the current phase of capitalism?
Has capital outstrip the "arm" of the state?  Are we headed for a world
unity of capital under the multilateral insitutions or an increasingly
dangerous and violent competition between a few loosely organized
competitive blocs of capital?

What do these development mean for the theory of capitalism?  Who is/was
most correct --Engels, Lenin, Bukharin, Hilferding, Kautsky????
Who has the best handle on what is happening?

What does all this mean for Marxist/socialist practice --from the core or
from the periphery?  Is the round of anti-imperialist revolutions over?  Why
did they fail?  How to fight within the core?  Where now is the belly of the

I know this discussion would be perhaps less philosophical than many that we
have had but I feel it is of utmost importance, theoretically and
practically.   Any takers?

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