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.

I was certain that I was not a Marxist, but I did believe firmly that a connection between economics and politics existed.

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

The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.

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.

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

The historical record suggests that the transition to to a new hegemon has always been attended by what I have elsewhere called hegemonic war.