{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","uuid":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","normalized_title":"zombiecapitalismglobalcrisisandtherelevanceofmarx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","isbns":["9781608461042"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":426,"navigation_url":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title_url":"https://workshop.closeclaw.top/ai/title/Zombie%20Capitalism%20Global%20Crisis%20and%20the%20Relevance%20of%20Marx","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","page_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page","search_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/search"},"page":{"printed_page":266,"pdf_page":266,"physical_index":266,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"16b07a4243caa19c09a01b66d341cc2914a949598ee15a027363f7a2eec3d05a"},"chapter":"Zombie Capitalism Global Crisis and the Relevance of Marx","content":"A change in the exchange rate alters the amount of global value which a firm operating within a national economy gets in return for the labour it has used in producing commodities. As Dick Bryan has put it:\n\nThe exchange rate is a critical determinant of the distribution of surplus value amongst capitals . . . Because nation-states are deemed responsible for the global commensurability of \"their\" currency, globalisation . . .is not about eradicating the national dimension of accumulation. Indeed, globalisation is not even about the national dimension \"hanging on\" in a process of slow dissolution. Global accumulation is actually reproducing the national dimension, albeit in ways different to past eras.44\n\nAgain the same centrality of states is shown in international trade negotiations conducted through the WTO. They gather as the representatives of the capitals clustered together within their borders. Different firms have different interests and will look to the individual states over which they have influence to achieve these. This is just as true of firms who look to establishing global domination through free trade as of those with protectionist inclinations. All are dependent upon \"their\" state to persuade other states to let them get their way. So the US state is an essential weapon for firms like Microsoft, GlaxoSmithKlein or Monsanto in getting the enormous royalty payments that accrue from world recognition of their intellectual copyrights. Likewise the financial power it exercises through the IMF and the World Bank has safeguarded the foreign loans made by American banks-and has helped US-based industrial corporations gain from the crises facing smaller states, as when Ford and General Motors gained control of two of the Korean car companies at the time of the Asian crisis.45\n\n266\n\nThe New Age of Global Instability","previous_page":265,"next_page":267}