The Dis-Embedding and Re-Embedding of Capital: Lessons from History

  • Sandra Halperin
Part of the International Political Economy Series book series (IPES)


In current discourses, ‘globalization’ tends to be misrepresented in two ways. First, it is wrongly characterized as a development that radically and absolutely breaks with the past. Second, it is treated as impelled by macroeconomic forces and the technological evolution of capitalism. Globalization is not new: capitalism ‘globalized’ from the start.1 Moreover, while there may be processes currently working to accelerate capitalist globalization they are, first and foremost, political and national rather than macroeconomic. ‘Globalization’ represents a broad-based political campaign on many fronts. Its aim is to reverse the postwar social settlements that tied capital to the development of national communities by shifting power from labour to capital within states and undermining democratic national governments.


Eighteenth Century Mass Mobilization Advanced Industrial Country Trade Union Membership Poor Relief 
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© Sandra Halperin 2003

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  • Sandra Halperin

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