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Episode 4 | We break into chapter two of Leo Panitch & Sam Gindin's historical materialist account of "The Making of Global Capitalism: The Political Economy of American Empire." We cover the US as a global creditor during WWI, Woodrow Wilson's strengthening of the state through the Fed & FTC, the prefiguration of "Wilsonian" interventionism in Mexico, the international visions of Wilson & Keynes for the postwar order, the Paris Peace Talks, and close with Panitch & Gindin's analysis of, by the 1920s, the informal power of the US versus its state incapacity.

CHAPTERS.

00:00 Intro

02:20 Death of Old Order

09:29 Wilsonianism Prefigured

14:54 ReElection & WWI

21:47 Paris Peace Talks

28:17 State Incapacity

37:30 Outro

SOURCES

- Leo Panitch & Sam Gindin's "The Making of Global Capitalism: Political Economy of American Empire"

- Robert Heilbroner's "The Worldly Philosophers"

- Eric Hobsbawm's "The Age of Extremes"

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Figuring things out through slow-motion reading series. "Solid Air" works through political economy x history. "Invisible Hands" covers the lives and theories of economists. "Reading Room" is an excuse for a friend and me to read and talk about philosophy or literature. Every third episode is on Patreon, but not really - there's a "free feed" just a click away. This is a self-education project, and nothing more.In the Solid Air series, we dig into Panitch & Gindin's "The Making of Global Capitalism" and then take two "detours" into other texts. Rinse and repeat. For those detours, we tend to focus on Eric Hobsbawm, Robert Heilbroner, David Harvey, and Garry Gerstle - but we've also read first-hand texts from the time, like John Maynard Keynes' Economic Consequences of the Peace or Frederick Winslow Taylor Principles of Scientific Management.