Centralization of capital and economic conditions for peace

This paper explores the implications of global capital centralization, defined as increasing ownership of the global capital stock by the dominant economic power. The paper explores a capitalist ‘reproduction’ scheme detailing a ‘zero steady state’ of capital centralization. The scheme examines the links between trade imbalances, capital centralization, and ‘imperialism’ and analyzes how these affect the stability of international relations. The study examines steady state properties as potential ‘economic conditions’ that influence the deterioration or pacification of international political relations.