This reading evaluated the world-economy in the terms of capitalism. Although I know very little about economics, they author seemed to favor a capitalist global economy. It presents the global economy as in fact the ideal place for a capitalist system to occur. It seems that the world has been moving towards this sort of economy since the establishment of inter-state trade. Although in the past this has deteriorated into state controlled empires, in recent years it has stabilized into more favorable climate. The author seems to think of this as a good thing, with separate states participating in the control of the endlessly increasing profit. Although many may want to have a totally free market economy this is unlikely and not profitable. Being totally free market enables the consumer to drive prices so low that any incentives of a capitalist economy disappear. This kind of global economy also favors the formation of monopolies. However these will always be disputed in this global economy because the losers will always want to achieve this favorable situation for themselves and therefore will seek the downfall of the existing monopolies. However it is difficult to generate true monopolies so instead we generate quasi-monopolies, who are operating solely on the principals of capitalism, and seeking profit for profits sake. The endless accumulation of capital as the author of this article puts it.

It seems like this author would like to see the current global economy to continue to form as this ‘global capitalism’. He backs up his assertion but I don’t think he has introduced many counter-arguments. Altogether I think he makes a good argument for why this kind of system benefits a global economy, and the various states that make it up. He asserts that since a global economy lacks the structure of a single state government to keep it in control, the principals of capitalism are ideal for this. While I do not know too much about economics I feel like this is a reasonable assumption.