SPECTER of GLOBALIZATION Marx, Gramsci and Disjointed Time

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This paper aims to combine a critique of political economy with that of transnational polity in a unified theoretical foundation. It begins by (1) exploring the development of capitalism into stages, (2) showing that this should necessarily lead to globalization, and (3) validating that in the epoch of globalization no hierarchical interstate (hegemonic or not) political order may stand a chance for survival. These highly abstract theoretical queries, on the one hand, follow Karl Marx’s critique of capitalism, and on the other hand obtain further theoretical and historical concretization in Antonio gramsci’s hegemony, before their realization at observable levels via the rise and fall of the postwar Pax Americana (1945–1979). Marx’s “conquest of mode of production” and gramsci’s hegemony set the context for a synthetic approach to the rise and fall of American power. finally, the force of globalization is the arbiter of time, despite the declining power syndrome, in this disjointed polity.

Original languageEnglish (US)
Pages (from-to)484-518
Number of pages35
JournalWorld Review of Political Economy
Issue number4
StatePublished - Dec 2019

Bibliographical note

Publisher Copyright:
© 2019 Pluto Journals. All rights reserved.


  • Competition
  • Globalization
  • Hegemony
  • Pax Americana
  • Periodization
  • Value theory


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