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Globalization

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The prophets and forecasters for the coming year have already set out their global vision ranging from rising economies to catastrophic global wars. I want to argue from a different perspective, focusing on the increasing subdivision of markets, the deepening autonomy of political action from economic development, the greater threat of military interventions and increasing... Read More
SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries coming to you from Baltimore. The Senate just approved the fast-track legislation in Washington, and with me to discuss this is Michael Hudson. He’s joining me from New York City. Michael is a distinguished research professor of economics at the University... Read More
Latin America, Europe and Asia
Introduction: The principle axis of the class struggle are found in Latin America, Europe and Asia, each following its own trajectory. Latin America 1. Globalization was in large part a product of neo-liberalism harnessing information technology and the ascendancy of financial capital. Neo-liberalism’s two foundations are de-regulation of capital and privatization of public enterprises. 2.... Read More
Introduction: An examination of the social science scholarship over the past 60 years reveals few, if any, publications discussing ‘the class struggle’ in anything but theoretical expositions. Numerous books and professional articles have been written about ‘class’ – inequalities, culture, internal differentiation (gender, ethnicity etc.). Labor specialists have discussed strikes, protests and collective bargaining. Few... Read More
and Keep Its Economic Surplus for Itself
CDES Conference, Brasilia, September 17, 2010 I would like to place this seminar’s topic, ‘Global Governance,’in the context of global control, which is what ‘governance’ is mainly about. The word (from Latin gubernari, cognate to the Greek root kyber) means ‘steering’. The question is, toward what goal is the world economy steering? That obviously depends... Read More
A lot of superficial books and articles have been written about ”globalization”, ”global corporations” and ”empire” without the least notion of the real structure of power. An analysis of a recent survey by the Financial Times (supplement May 10, 2002) of the 500 largest companies in the world based on value, country and sector puts... Read More
Globalization at a minimum involves the creation of a world economy that is not merely the sum of its national economies, but rather a powerful independent reality, created by the international division of labor and the world market which, in the present epoch, predominates over national markets. Large scale, longterm flows of capital, commodities, technology... Read More
Category Classics
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