By Martin Hart-Landsberg
“Globalization,” definitely some of the most used and abused buzzwords of contemporary a long time, describes a phenomenon that's more often than not thought of to be a impartial and inevitable enlargement of marketplace forces around the planet. approximately all economists, politicians, enterprise leaders, and mainstream newshounds view globalization because the traditional results of fiscal improvement, and a valuable one at that. yet, as famous economist Martin Hart-Landsberg argues, this notion doesn't fit the truth of globalization. the increase of transnational organizations and their international creation chains was once the results of intentional and political acts, judgements made on the optimum degrees of strength. Their goal – to extend gains via looking the most cost effective assets of work and uncooked fabrics – was once facilitated via policy-making on the nationwide and foreign degrees, and used to be principally winning. yet staff in each kingdom have paid the prices, within the kind of elevated inequality and poverty, the destruction of social welfare provisions and exertions unions, and an erratic worldwide economic climate liable to bubbles, busts, and crises. This booklet examines the ancient checklist of globalization and restores company to the capitalists, policy-makers, and politicians who labored to craft a regime of world-wide exploitation. It demolishes their neoliberal ideology – already on shaky floor after the 2008 monetary difficulty – and alternatives aside the checklist of exchange agreements like NAFTA and associations just like the WTO. yet, crucially, Hart- Landsberg additionally discusses possible choices to capitalist globalization, trying to examples equivalent to South America’s Bolivarian Alliance for the Americas (ALBA) for clues on the right way to construct a global economic climate in accordance with unity, social improvement, and shared prosperity.
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Additional resources for Capitalist Globalization: Consequences, Resistance, and Alternatives
China, in contrast, has shifted its export emphasis away from East Asia toward the United States and the European Union. 51 With East Asia now focused on exporting parts and components in support of China-based export production, China has become the first or second most important market for almost all the countries in the region. S. S. economic problems. However, since the region’s trade activity largely involves an intraregional trade of parts and components culminating in China-based exports aimed primarily at the United States and the European Union, the reality is that Asia has become ever more tightly integrated and dependent on exporting to developed capitalist markets, especially the United States.
In sum, people are hurting, scared, and increasingly angry. Unfortunately, tough times do not automatically produce a clear understanding of the causes of these problems and the appropriate responses to them. I wrote this book for three reasons. First, I wanted to show how and why the capitalist drive for profit has shaped a globalization process that is largely responsible for both our current problems and the dire future we face if state policies and corporate patterns of economic activity continue unchanged.
To sum up, what is free trade, what is free trade under the present condition of society? It is freedom of capital. When you have overthrown the few national barriers which still restrict the progress of capital, you will merely have given it complete freedom of action. —KARL MARX, On the Question of Free Trade, Speech to the Democratic Association of Brussels, January 9, 1848 The question of Free Trade or Protection moves entirely within the bounds of the present system of capitalist production, and has, therefore, no direct interest for us socialists who want to do away with that system.