Activity

The financial fix and the shift in international regimes are critical explanatory factors because they are the two elements that distinguish the late-nineteenth- and late-twentieth-century periods of globalization from the thirty to forty years following the Second World War. As we argued in Chap…

More generally, there has been a systemic tendency for technological and product fixes to recurrently produce monopoly windfall profits in high­ income countries where innovations concentrate, while low-income coun­tries rarely share in the windfall. Moreover, protectionism has also played a promin…

Initially, the financial fix further strengthened the bargaining power of workers in the Second and Third World states. In the 1970s (in sharp contrast to what would happen in the 1980s), loan capital flowed freely to Second and Third World countries. With capital "on strike" in the First World, an…

Thus, in the 1970s, when faced with the choice between meeting the demands from below for the fulfillment of the hegemonic promises or the demands fr om capitalists for a restoration of favorable conditions for capi­tal accumulation, metropolitan states attempted not to choose. In response, capital…

Moreover, in transportation industries, it is not easy to devise (much less practically carry out) spatial fixes as counterweights to labor's strong work­place bargaining power. Particularly troublesome nodes might be elimi­nated entirely fr om the distribution network - that is, unruly or otherwis…