B. Jessop, CAPITALISM AND ITS FUTURE - REMARKS ON REGULATION, GOVERNMENT AND GOVERNANCE, Review of international political economy, 4(3), 1997, pp. 561-581
The article relates capitalism's distinctive dynamic to the nature of
the wage relation and self-valorization of capital. Capitalism has no
final telos: its future remains open in the face of structural changes
and social struggles. This source of capitalist dynamism also opens i
t to external influence. Some key changes in the 'government and gover
nance' of economics and politics are also discussed. These include: th
e denationalization of statehood, a partial de-statization of politics
, and the internationalization of policy regimes. Among counter-trends
are the survival of the national state as an instance of meta-governa
nce.