Classes supérieures de tous les pays unissez-vous sous une bannière impériale

Class patterns (capitalists and managers) in contemporary managerial capitalism are analyzed in relation to financial globalization. At the center of the global network of ownership relationships (defined by the holding of corporate equity), one can locate a tightly intertwined set of financial institutions, overseen by the managers of these corporations and the managers sitting on the boards of transnational nonfinancial corporations. This network controls 40 percent of all transnational corporations worldwide and 94 percent of profits. It is still structured in geographical communities. This means that financial corporations still display national features : big capitalists still belong to their national communities and states are still strongly committed to the defense of the interest of their countries. While a globalization of class and states relationships is indeed underway, as it had been the case in the national unification processes in Europe (and elsewhere), it is being conducted under the leadership of hegemonic powers, such as the United States. However nothing implies that the current process will remain unipolar

Capitalism · Economics · Economy · Equity (law · Globalization · Hegemony · Market economy · Nothing · Political science · Politics · Elite Sociology and Global Capitalism · Law · Political Economy and Marxism