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Globalization against Democracy

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  • Wu,Guoguang

Abstract

Globalization has reconfigured both the external institutional framework and the intrinsic operating mechanisms of capitalism. The global triumph of capitalism implies the embracing of the market by the state in all its variants, and that global capitalism is not confined to the shell of nation-state democracy. Guoguang Wu provides a theoretical framework of global capitalism for specialists in political economy, political science, economics and international relations, for graduate and undergraduate courses on globalization, capitalism, development and democracy, as well as for the public who are interested in globalization. Wu examines the new institutional features of global capitalism and how they reframe movements of capital, labor and consumption. He explores how globalization has created a chain of connection in which capital depends on effective authoritarianism, while democracy depends on capital. Ultimately, he argues that the emerging state-market nexus has fundamentally shaken the existing institutional systems, harming democracy in the process.

Suggested Citation

  • Wu,Guoguang, 2017. "Globalization against Democracy," Cambridge Books, Cambridge University Press, number 9781316640753.
    • Handle: RePEc:cup:cbooks:9781316640753
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    Cited by:

    1. Ardalan, Kavous, 2017. "Driving force of globalization: A multi- paradigmatic look," Research in International Business and Finance, Elsevier, vol. 41(C), pages 480-492.
    2. Jianyong Yue, 2022. "The Limits to China's Peaceful Rise – Deep Integration and a New Cold War," Global Policy, London School of Economics and Political Science, vol. 13(1), pages 91-106, February.
    3. François Facchini & Mickael Melki, 2021. "Egalitarianism and the democratic deconsolidation: Is democracy compatible with socialism?," Public Choice, Springer, vol. 186(3), pages 447-465, March.
    4. Feng Xu, 2022. "Building China’s Eldercare Market: The Imperatives of Capital Accumulation and Social Stability," Social Sciences, MDPI, vol. 11(5), pages 1-19, May.
    5. Dariusz Piotrowski, 2018. "Propaganda Of Success In The Area Of The State’S Social And Economic Policy," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 7(3), pages 55-70.

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