The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.

Specialization makes the welfare of the society vulnerable to the market and to political forces beyond national control.

The competitive nation-state system, with all its capacity for good and evil, is spreading in the Third World and is transforming that world.

The multinational corporation and international production reflect a world in which capital and technology have become increasingly mobile, while labor has remained relatively immobile.

Despite its increased dependence on the international economy, America continues to behave as if it were either a closed economy or the leader whom everyone else should automatically follow.

The economic success of the Reagan Administration was largely dependent upon the pyramiding of massive debt and the siphoning of capital from the rest of the world.

A market is not politically neutral; its existence creates economic power which one actor can use against another.