In a period of dramatic transformation and upheaval, as we wonder what the future holds, this book reminds us that the world has undergone enormous changes before and that an understanding of those changes may tell us something about our own turbulent time. The authors look to two earlier periods that resemble the present in key respects -- the transition from Dutch to British world hegemony in the eighteenth century and the transition from British to U.S. world hegemony in the late-nineteenth and early-twentieth centuries. In each case, a system wide expansion culminated in crisis and systemic chaos; eventually, a new hegemonic power reorganized the system to solve the problems and contradictions that underlay the chaos. The authors find recurrent characteristics in these transitions, such as the resurgence of finance capital and the intensification of interstate rivalries and social conflict. They also recognize, however, how the present transition differs from the previous patterns. Among the anomalies are the proliferation of transnational organizations and communities, increased social conflict in driving systemic change, a geographical split between military and financial powers, and a shift in the processes of capital accumulation away from the West. Chaos and Governance in the Modern Worm System addresses controversies affecting a range of fields -- political, economic, social, and cultural -- concerned with global change. Though written from a world-systems perspective, it emphasizes the instability and adaptability of world capitalism and the role played by hegemonic states in periodically reorganizing the system.

Winner of the American Sociological Association PEWS Award (1995) for Distinguished Scholarship The Long Twentieth Century traces the epochal shifts in the relationship between capital accumulation and state formation over a 700-year period. Giovanni Arrighi masterfully synthesizes social theory, comparative history and historical narrative in this account of the structures and agencies which have shaped the course of world history over the millennium. Borrowing from Braudel, Arrighi argues that the history of capitalism has unfolded as a succession of "long centuries"—ages during which a hegemonic power deploying a novel combination of economic and political networks secured control over an expanding world-economic space. The modest beginnings, rise and violent unravel-ing of the links forged between capital, state power, and geopolitics by hegemonic classes and states are explored with dramatic intensity. From this perspective, Arrighi explains the changing fortunes of Florentine, Venetian, Genoese, Dutch, English, and finally American capitalism. The book concludes with an examination of the forces which have shaped and are now poised to undermine America's world power.

In the late eighteenth century, the political economist Adam Smith predicted an eventual equalization of power between the West and the territories it had conquered. In this magisterial new work, Giovanni Arrighi shows how China's extraordinary rise invites us to reassess radically the conventional reading of The Wealth of Nations. He examines how recent US attempts to create the first truly global empire were conceived to counter China's spectacular economic success Now America's disastrous failure in Iraq has made the People's Republic of China the true winner in the US War on Terror. China may soon become again the kind of noncapitalist market economy that Smith described, an event that will reconfigure world trade and the global balance of power.

Building on an analysis of the dissenting movements to have emerged since the rise of modern capitalism, Anti-Systemic Movements uncovers an international groundswell of resistance still vitally active at the end of the twentieth century. The authors suggest that the new assertiveness of the South, the development of class struggle in the East and the emergence of rainbow coalitions in various regions hold fresh promise for emancipatory politics. Taking the year 1968 as a symbolic turning point, the authors argue that new anti-systemic movements have arisen which challenge the logic of the capitalist world-system.

For decades, liberal democracy has been extolled as the best system of governance to have emerged out of the long experience of history. Today, such a confident assertion is far from self-evident. Democracy, in crisis across the West, must prove itself. In the West today, the authors argue, we no longer live in "industrial democracies," but "consumer democracies" in which the governing ethos has ended up drowning households and governments in debt and resulted in paralyzing partisanship. In contrast, the long-term focus of the decisive and unified leadership of China is boldly moving its nation into the future. But China also faces challenges arising from its meteoric rise. Its burgeoning middle class will increasingly demand more participation, accountability of government, curbing corruption and the rule of law. As the 21st Century unfolds, both of these core systems of the global order must contend with the same reality: a genuinely multi-polar world where no single power dominates and in which societies themselves are becoming increasingly diverse. The authors argue that a new system of "intelligent governance" is required to meet these new challenges. To cope, the authors argue that both East and West can benefit by adapting each other’s best practices. Examining this in relation to widely varying political and cultural contexts, the authors quip that while China must lighten up, the US must tighten up. This highly timely volume is both a conceptual and practical guide of impressive scope to the challenges of good governance as the world continues to undergo profound transformation in the coming decades.

The world is long overdue for a completely new system of governance. If there was ever a need for political representation or a paternalistic and opaque authority, it has been removed by technology. Every political system we have tried has proven incapable of protecting human rights and dignity. Every political system we have tried has devolved into oligarchy. To effect the change we require immediately, to give individuals control and responsibility, to bring regional systems under regional governance, allow global collaboration and protect the heritage of future generations, we need a new political model.

A disquieting genealogy of globalization by a major contemporary thinker.