Abstract
Though it is implicit in literature surrounding the globalisation debate, theoretical discussion of the structural power of capital is waning. Yet in reality, we shall argue, it is more and more pervasive. Lockwood (1999: 63) has remarked on one of the paradoxes of contemporary social theory: ‘the abandonment of Marxism as a means of understanding the dynamics of advanced capitalist democracies has coincided with the ever more extensive and intensive development of capitalist production relations’. It seems that only capitalists — business, the City, Wall Street, George Soros — still believe in class conflict and capitalist power.
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© 2000 Ian Gough
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Gough, I. (2000). The Enhanced Structural Power of Capital: A Review and Assessment with Kevin Farnsworth. In: Global Capital, Human Needs and Social Policies. Palgrave Macmillan, London. https://doi.org/10.1057/9780230289093_4
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DOI: https://doi.org/10.1057/9780230289093_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-92687-1
Online ISBN: 978-0-230-28909-3
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