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Globalization is the mantra of our times. Business executives, politicians, and intellectuals all seem to agree that it just happened, and that we must adapt to it. In this book, the entire globalization project is subjected to a powerful blast from the left. James Petras and Henry Veltmeyer contend that globalization is not new – capitalism over the past 100 years has experienced periodic waxings and wanings of its tendency to integrate economies worldwide. They go on to argue that globalization was created by deliberate policies put in place by powerful states under the control of dominant classes, and that it is not a structural part of the capitalist system – it is instead an ideological smokescreen used to divert attention away from the resurgence of imperialist powers. The authors do see an alternative – a renewed, democratic, and revolutionary socialist vision that is capable of uniting people, and of being recognized by political movements that are committed to finding realistic strategies and achievable goals.