The political economy and class analytics of international capital flows: US industrial capital in the 1970s and 1980s

The weakening of working class and popular organisations that is often attributed to the growing power of transnational corporations is an aspect of a generalised restructuring of class relations in both core and periphery. With class, rather than power or wealth, as our theoretical entry point, it appears that the state retains influence over international flows of industrial and banking capital.