This book provides an analysis of capitalism's world historic phases of development, a critique of the globalization literature and a re-examination of Marxian debates over the rise of capitalism.

1. Introduction: Political Economy and Globalization: 2. Specifying the Constant of Capitalism in the Theory of a Bourgeois Utopia: 3. Periodizing Capitalism and the World Historic Transmutability of Capital: 4. Globalization and the Retreat of Capital to the Interstices of the World: 5. Barbarism or Socialism in the World beyond Capital: 6. Conclusion

Richard Westra has taught around the world including Queen's University and Royal Military College, Canada, International Study Center, East Sussex UK, College of The Bahamas, Nassau and Pukyong National University, South Korea. He has been a Visiting Research Fellow at Focus on the Global South/Chulalongkorn University Social Research Institute, Bangkok, Thailand. Currently he is Associate Professor of Political Science, Graduate School of Law, Nagoya University, Japan.