ABSTRACT
On the brink of a new millennium, the structure of the world capitalist system has taken on new contours as a far-reaching transformation seems to be taking place. Changes in production patterns and the growing importance of financial capital and footloose investments have forced a shift in popular and public response away from an active focus on struggles to resolve contradictions to a more defensive strategy of relying on accommodation and compromise. In addition, the new type of global—domestic interactive social system of accumulation points to a general decreasing influence of states relative to the growing power of international capital.
