… an interview with Leo Panitch – Published on red pepper, January 2014.
Globalisation and Imperialism: … //
- … Is it really the case that other states have not also assumed the responsibility for promoting and protecting global capitalism?
- That’s a good question, one that’s not fully resolved. The US is a new type of empire that only rules in conjunction with other states, especially G7 states. It’s not merely an imposition. It requires a lot of institutional coordination and interpenetration. That said, the Germans in particular have been recalcitrant in taking responsibility for ‘failure containment’ in light of financial volatility. Neither has Japan been very forthcoming. By contrast, the relationship between UK and US Treasury is particularly close in playing this failure containment role, although the UK accepts that the US is the senior partner, if for no other reason than it has greater capacity. Continuer la lecture de « To challenge global capitalism we must first understand it »