Dear all, For now, I'll use memo-writers' initials to preserve some degree of anonymity. We can discuss whether we should use full names or not in class this week. I don't want to violate anyone's privacy, but on the other hand, for purposes of class discussion it's good to know whose opinion is whose. GI S K Spring 2008 Response Paper 1 The Rise and Future Demise of the World Capitalist System: Concepts for Comparative Analysis The first and foremost question that needs to be asked in the context of globalization is application of Immanuel Wallerstein’s theory of world-systems. Reflecting on the assigned readings I believe Wallerstein is complex and difficult to analyze. Background research did guide me to a more simplified understanding of the premises of his theory. In the 1970s Wallerstein made efforts to extend classical Marxist thinking to the present contemporary form of capitalist society. Wallerstein offers a critique of capitalist exploitation within relat...