JH: One of the debates on globalization is whether or not it’s a new era of capitalism. One argument is that digital technology has revolutionizing the means of production creating important changes throughout the system. Historically globalization has become to information capitalism what imperialism was to industrial capitalism. Others say that nothing has essentially changed. That to emphasize the newer aspects blinds us to the principals necessary to understand world capitalism. How do you see this debate?
WB: I think what characterizes the period of globalization is that national economies are being disarticulated by the processes of global capital and rearticulated mainly as production sites and financial nexus (more…)
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