This book discusses the nature of the new global capitalism, the rise of a globalized production and financial system, a transnational capitalist class, and a transnational state and warns of the rise of a global police state to contain the explosive contradictions of a global capitalist system that is crisis-ridden and out of control.

This exciting new study provides an original and provocative exposé of the crisis of global capitalism in its multiple dimensions - economic, political, social, ecological, military, and cultural. Building on his earlier works on globalization, William I. Robinson discusses the nature of the new global capitalism, the rise of a globalized production and financial system, a transnational capitalist class, and a transnational state and warns of the rise of a global police state to contain the explosive contradictions of a global capitalist system that is crisis-ridden and out of control. Robinson concludes with an exploration of how diverse social and political forces are responding to the crisis and alternative scenarios for the future.

This exciting new study provides an original and provocative exposé of the crisis of global capitalism in its multiple dimensions - economic, political, social, ecological, military, and cultural. Building on his earlier works on globalization, William I. Robinson discusses the nature of the new global capitalism, the rise of a globalized production and financial system, a transnational capitalist class, and a transnational state and warns of the rise of a global police state to contain the explosive contradictions of a global capitalist system that is crisis-ridden and out of control. Robinson concludes with an exploration of how diverse social and political forces are responding to the crisis and alternative scenarios for the future.

Sure to stir controversy and debate, A Theory of Global Capitalism will be of interest to sociologists and economists alike.

William Robinson offers a concise, authoritative, and persuasive account of the ills, economic, ecological, and geopolitical, afflicting global capitalism, and shows that they are potentially fatal to both humankind and the system itself – compelling reading for anyone who wants to decipher the gathering storm clouds.” ALEX CALLINICO, Professor of European Studies, King’s College, London "Few scholars are better qualified than William I. Robinson to summarize the Marxist economic critique and to apply it to the current terminal crisis of the capitalist system." KEES VAN DER PIJL, States of Emergency: Keeping the Global Population in Check “Every paragraph of Can Global Capitalism Endure? sizzles with insights. Here is William I. Robinson at his best: empirically sensitive, theoretically original, politically committed”. JASON W. MOORE Global capitalism is facing an unprecedented crisis. The global economy is mired in prolonged stagnation. The worldwide social fabric is in decay. Civil strife and social upheaval are tearing up political systems and, in some cases, leading to the collapse of states. The planetary ecosystem is breaking down. Millions are fleeing, displaced by climate change, transnational corporate land grabs, wars and political persecution. How far into the future can global capitalism endure? In this urgent new study, sociologist William I. Robinson presents a “big picture” snapshot of the crisis of capitalism and the battle for the future of humanity. Drawing on 30 years of scholarship and activism, Robinson applies his original theory of global capitalism to the emerging digital age. He shows how global elites have pinned their hope on economic reactivation through the application of radical new digital technologies and financial strategies to the global economy and society. The rulers will turn to enhancing a global police state to contain mass rebellion as humanity enters a season of chaos and global civil war. The capitalist class and privileged strata of humanity may be able to survive collapse for decades to come even as a majority of humanity faces desperate struggles for survival that lead many to perish in the coming years. But there is eventually a terminal point to capitalist expansion as mass extinction and the radical alteration of the natural environment make life for our species and most others impossible. The only solution is a reversal of escalating inequalities through a radical redistribution of wealth and power

Following up on his earlier best-seller, The Global Police State, this exciting new study by critically-acclaimed scholar and activist William I. Robinson offers a big-picture contribution to understanding contemporary global society in the aftermath of the coronavirus pandemic. It puts forth an original and cutting-edge exposé of the radical transformation of global capitalism now underway, driven by new digital technologies and turbo-charged by the pandemic. It provides shocking data and analysis on the concentration of power and control in the hands of corporate conglomerates, tech giants, mega-banks, and the military-industrial complex. The book documents the extent of unprecedented global inequalities as the mass of humanity faces violent dispossession and uncertain survival. Enabled by digital applications, the ruling groups, unless they are pushed to change course by mass pressure from below, will turn to ratcheting up the global police state to contain the global revolt. If the book issues a dire warning against the emergence of a dystopic digitalized dictatorship it also finds great hope and inspiration in the burgeoning social movements of the poor and the dispossessed as humanity descends into global civil war. While deeply analytical and theoretically sophisticated, the study is written in such a style that it is eminently accessible to a wider public beyond the academy. While the work will satisfy scholars, it is destined to become a companion text to those struggling on the frontlines for global social justice and a more hopeful future.

We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of September–October 2008, leading one apologist for the system, Willem Buiter, to write of "the end of capitalism as we knew it." As the crisis unfolded, the world witnessed the way in which the runaway speculation of the "shadow" banking system wreaked havoc on world markets, leaving real human devastation in its wake. Faced with the financial crisis, some economic commentators began to talk of "zombie banks"–financial institutions that were in an "undead state" and incapable of fulfilling any positive function but a threat to everything else. What they do not realize is that twenty-first century capitalism as a whole is a zombie system, seemingly dead when it comes to achieving human goals.