Global Capitalism: Its Fall and Rise in the Twentieth Century, and Its Stumbles in the Twenty-first

This revised and updated edition traces the historical evolution of global capitalism from the late nineteenth century through the twenty-first century. The book examines the rise of international markets, the collapse of globalization during the world wars and Great Depression, the postwar rebuilding of the global economy, and the challenges posed by inequality, financial crises, populism, and political backlash in recent decades. It argues that global capitalism has generated extraordinary prosperity while also producing recurring social and political tensions that threaten its stability.