GLOBALIZATION, SUPER-EXPLOITATION, AND CAPITALISM’S FINAL CRISIS
Keywords:
Globalization, super-exploitation, economic crises, capitalAbstract
Over the last few years, globalization has started a new phase driven by structural shocks from financial crises to the eroding of representative democracy. The ‘great globalization disruption’ is related to the occurring integration of capital, labor and product markets apace with structural economic and technological change. Economics and politics are pulling in different directions. The logic of market liberalism stands for greater openness, free trade and deregulation to sustain global growth and expansion. Nevertheless, the politics of Western democracies implore greater national protectionism, using the nation-state to defend citizens from market forces that have no consideration for established political bargains and solidarities. The social contract that sustains liberal democracy is under strain.
On the grounds of this, imperialism has two fundamental characteristics. The first is a result of the concentration and centralization of capital. The competitive accumulation of capital leads both to the growth in the size of the individual units of capital and to the incorporation, specifically during economic crises, of smaller by larger capitals. Economic power correspondingly becomes increasingly concentrated. Sectors become monopolized, dominated by very few large firms or perhaps by only one huge corporation. Moreover, industrial capital inclines toward merging with the big banks to form finance capital. The final stage of this process of 'organization' is the growing integration of private capital with the nation-state, that is to say, the emergence of state capitalism.
A great number of articles have been ritten about today’s global crises. Why add another one We hope to contribute some aspects and views that can help leaders and change-makers understand what is going on and be more effective in helping communities shift from ego-system to eco-system economies. Тhe two things that appear to be permanent are our collective habits of thought and the actions that they produce in our world. Why is that? Why do we collectively create undesirable results? And what can we do to alter these patterns that keep us rigidly in the grip of the past?
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