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4 trans cap class.ppt

Transnational Capitalist Class

National to Transnational

  • National Bourgeoisie

Growth

Assist national Capitalist

Return: growth related investment

Can be Protectionist

  • Global Market

Shared interest

Opening up markets

Changes between and within states

National Bourgeoisie lose

Power/dependency

  • Transnational Capitalist Class

Interest not in one state/region

Not national

Identity transnationalized

Not “under” one state

  • Changes:

Class compromise

State influence

Dependency

Who Are the TCC? (Sklair)

  • TNC executives;
  • globalizing bureaucrats;
  • globalizing politicians and professionals;
  • conisumerist elites (merchants and media).

  • Labor Remains National

Indicators (Robinson)

  • the spread of TNC affiliates;
  • the phenomenal increase in cross-border mergers and acquisitions;
  • the increasing transnational interlocking of boards of directors;
  • increasingly cross- and mutual investment among companies from two or more countries and transnational ownership of capital shares;
  • the spread of crossborder strategic alliances of all sorts;
  • vast global outsourcing and subcontracting networks;
  • and the increasing salience of transnational peak business associations.

Dialectics

  • Agency + Structure

The relationship is the focus of analysis

How agents relate to the structure

  • Capitalists

Transnationalization

Uniting Interests

Uniting Identities

  • Labor

Greater reliance on TCC

Race to bottom

  • Fixing r > g

Taxes on Wealth

Globalization

No Global State

  • Solow

Political Power

Productivity \/ ; Wage Share \/

Productivity /\ ; Wage Share \/

Decreases Political/Economic Power of Labor

g

Goal of TCC

  • Structure of Capitalism

Empowers Bourgeoisie

  • Role of Agent

Enrich Self

  • Result

Restructure world economy to global economy

Work transnationally to influence governments

Do not moderate harmful effects

Lower Government intervention (who are TCC)

No Global State to fix contradictions

Liberalism.pptx

Quiz

Define (compare/contrast) the following:

Othodox Liberalism

Interventionist Liberalism

Institutional Liberalism

1

Liberalism

Positive-Sum Game

Individual Level of Analysis

Also, Groups of individuals (states, MNC's, Societies)

Regimes (IO's, norms, rules)

Focused on Prosperity

Politically Neutral

State is to open market and protect property

Cooperation

2

Interdependence

Coordination

Higher Cost to Defect

Spill-over – Increasing Interdependence

Hegemon to enforce rules

Regimes

3

Global

International Organizations

Neoliberal Institutionalism

Result of Collective Interest

Cooperation > Competition for all

Benevolent Hegemon

Staying Power after Hegemon Decline

Globalization

Autonomous process

Decline of state; lack of ability to interfere economically

4

Development

States must liberalize

Engage in institutions and interdependence

Which process is historically proven?

NIEs, Asian Tigers

China

Asymmetric Interdependence

Exploitation

Is Liberalism Being Maintained?

5