Globalisation: a systematic Marxian account

368 Pages·2006·1.314 MB·Chinese

by  Smith, Tony

Globalisation
Historical
Materialism
Book Series
Editorial Board
Paul Blackledge, Leeds – Sebastian Budgen, Paris
Jim Kincaid, Leeds – Stathis Kouvelakis, Paris
Marcel van der Linden, Amsterdam
China Miéville, London – Paul Reynolds, Lancashire
Peter Thomas, Amsterdam
VOLUME 10
Globalisation
A Systematic Marxian Account
by
Tony Smith
BRILL
LEIDEN•BOSTON
2006
This book is printed on acid-free paper.
Library of Congress Cataloging-in-Publication Data
Smith, Tony, 1951–
Globalisation : a systematic Marxian account / by Tony Smith.
p. cm. — (Historical materialism book series ISSN 1570–1522 ; v. 10)
Includes bibliographical references and index.
ISBN 90–04–14727–6 (alk. paper)
1. International economic relations. 2. Globalization—Economic aspects.
3. Marxian economics. I. Title. II. Series: Historical materialism book series ; 10.
HF1359.S595 2005
337–dc22
2005054273
ISSN 1570-1522
ISBN 90 04 14727 6
© Copyright 2006 by Koninklijke Brill NV, Leiden, The Netherlands.
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PRINTED IN THE NETHERLANDS
Contents
Acknowledgements and Dedication .......................................................... vii
Introduction .................................................................................................... 1
PART ONE
ASYSTEMATIC RECONSTRUCTION OF THE
GLOBALISATION DEBATE
Chapter One The Social-State Model of Globalisation ........................ 15
Chapter Two The Neoliberal Model of Globalisation .......................... 46
Chapter Three The Catalytic-State Model of Globalisation ................ 86
Chapter Four The Democratic-Cosmopolitan Model of
Globalisation .............................................................................................. 127
PART TWO
BEYOND THE CAPITALIST GLOBAL ORDER:
TWO MARXIAN MODELS OF GLOBALISATION
Chapter Five AMarxian Model of Capitalist Globalisation (1):
The World Market ...................................................................................... 165
Chapter Six AMarxian Model of Capitalist Globalisation (2):
The Dialectic of State and World Market .............................................. 221
Chapter Seven AMarxian Model of Capitalist Globalisation (3):
‘The International Financial Architecture’ ............................................ 256
Chapter Eight AMarxian Model of Socialist Globalisation .............. 296
vi • Contents
References ........................................................................................................ 345
Index ................................................................................................................ 357
Acknowledgements and Dedication
Over the last decade and a half it has been my good fortune to participate
in the annual International Symposium on Marxian Theory, founded by Fred
Moseley. I would like to thank him and the other participants, Chris Arthur,
Riccardo Bellofiore, Martha Campbell, Mino Carchedi, Roberto Fineschi, Mike
Lebowitz, Paul Mattick, Jr., Patrick Murray, Geert Reuten, and Nicky Taylor.
I have learned an immense amount from each. I would also like to thank
Sebastian Budgen, Bertell Ollman, Robert Went, and my colleagues at Iowa
State for the encouragement and feedback they have provided on this project.
Chapter 4 is a revised version of ‘Globalisation and Capitalist Property
Relations: ACritical Assessment of Held’s Cosmopolitan Theory’, Historical
Materialism, 11, 2, 2003: 3–35.
Section 6 of Chapter 5 incorporates material from ‘Surplus Profits from
Innovation: A Missing Level in Volume III?’, in The Culmination of Capital:
Essays on Volume III, Martha Campbell and Geert Reuten (eds.), New York:
Palgrave/Macmillan, 2002: 67–94.
Material from ‘Systematic and Historical Dialectics: Towards a Marxian
Theory of Globalization’, New Dialectics and Political Economy, Rob Albritton
and John Simoulidis (eds.), New York: Palgrave/Macmillan, 2003: 24–41 has
been included in Chapter 6.
Portions of Chapter 7 are based on ‘Towards a Marxian Theory of World
Money’, Marx’s Theory of Money: Modern Appraisals,Fred Moseley (ed.), New
York: Palgrave/Macmillan, 2005: 222–33.
This book is dedicated to my mother, Alice McBurney Smith, and to Rebecca,
Bridgit, and Conor, all of whom are reminders that the story begun in the
last paragraph of Part Seven, Capital, Volume I has yet to conclude.1
1 Marx 1976, p. 870.

Introduction
‘Globalisation’ is a deeply contested concept. Is it a
mythical term, like ‘unicorn’ or ‘devil’, circulating in
social discourse with material effects without referring
to anything at all? Does it refer to the last few decades
of human history? Should it be dated from the world
plunder and trade that arose in the sixteenth century?
Or perhaps from the first migration of homo sapiens
from Africa? What benefits, if any, does it bring? To
whom, and at what costs? What alternative forms
might it take?
These sorts of questions can be explored in a variety
of ways within a vast number of theoretical
frameworks.1 In any particular investigation, some
topics must come to the foreground while others
recede. The more concrete and specific the study, the
less terrain can be covered; the more comprehensive
the overview, the less room for details. There is no
one correct way to make such trade-offs. The proper
level of abstraction in a particular case depends upon
the author, the projected audience, and the theoretical
and practical interests motivating the inquiry.2
In social philosophy, my own area of specialisation,
two main questions dominate discussion. What
normative principles should be employed when
1 The most comprehensive survey of the various debates is Held et al. 1999.
2 The various levels of generality relevant to social theory are discussed in Ollman
1993.