Page 252 8.4. How Do Sociological Theories Explain Global Inequality? Which statement distinguishes the theory of global capitalism from the other theories of globalization? Economic power may be shifting toward a multipolar world where power is shared between several states. Global dominance is no longer exercised by states, but rather by the transnational capitalist class. Understanding global inequality requires analysis of both states and global commodity chains. Global inequality is increasing, as core nations consolidate power at the expense of periphery nations