The political economy dynamics of global disintegration and its implications for war, peace and security in the 21st century

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I discuss the theory of capitalist peace according to which contractual social relations, free trade and cross-border investments are conducive to peace. From a post-Keynesian and more generally heterodox economic theory viewpoint, the dynamics of the world political economy can also instigate disintegration and escalation of conflicts. First, I sketch some key paradoxes and contradictions of capitalist market economy. These paradoxes and contradictions have critical implications for the theory of liberal-capitalist peace. Second, I explain Piketty’s inequality r > g and its wider meaning to democracy and global integration under market globalism. Third, I describe briefly two mechanisms (anxiety evoking othering, securitization) that can explain the move from uncertainty and inequalities to antagonisms and potential for organized violence. Fourth, I summarize how these mechanisms can shape macro-history and why the anticipation of a global military catastrophe by futurologists such as Attali and Wagar are not only relevant but unfortunately also plausible. Finally, I discuss briefly how the contradictions of global political economy could be overcome by collective actions and by building better common institutions.
Titel på värdpublikationThe Routledge Handbook of Transformative Global Studies
RedaktörerS. A. Hamed Hosseini, James Goodman, Sara C. Motta, Barry K. Gills
Antal sidor14
Utgivningsdatum10 juli 2020
ISBN (tryckt)978-1-138-60112-3
ISBN (elektroniskt)978-0-429-47032-5
StatusPublicerad - 10 juli 2020
MoE-publikationstypA3 Del av bok eller annan forskningsbok


NamnRoutledge International Handbooks


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