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Marketization is a broad term with a wide range of meanings. It encompasses measures of deregulation and privatization as well as the perceived increase of an ›economic‹ logic in social relationships. For historical purposes, the term should not be narrowly defined, and nor should the concept of marketization be used in an ahistorical manner detached from contemporary usage. However, there are two questions which the historical analysis of marketization needs to address. First, what is the conceptual understanding of the market mechanism to which the term marketization is linked? Second, what is the relationship between marketization and economic theory?
The semantics of the term "empire" is overloaded with superlatives and loud epithets. The concept of empire is so universal and all-encompassing that it appears to have no particular meaning at all. Indeed, empire embodies the grim totality of unlimited domination and coercion; at the same time, it turns out to be a synonym for the clumsy neologism of "world-system" (or "world civilization") and evokes a unifying principle for a universe surrounded by the destructive elements of chaos and barbarism.