Global Capitalism and the Battle for Hegemony

摘要

Facing a crisis of legitimacy, the capitalist class is constructing new hegemonic projects to stabilize their global system. This article will examine competing fractions of the transnational capitalist class (TCC), how these fractions are confronting the crisis of global capitalism, and how TCC theory analyzes the current state of conflict. TCC theorists see the development of two hegemonic projects, one based on militarized accumulation and authoritarian politics and that of green capitalist reformism. But differences exist on the evaluation of the strength and formation of these emerging blocs. The article also pays attention to the relationship between the United States and China as a battleground between globalizing projects, rather than nations.