Globalization

Systemic Decay And The Economic Foundation Of American Fascism

June 12, 2025 Colin Jenkins, Orinoco Tribune. Strategize! American Fascism, Austerity, Deindustrialization, Fascism, Globalization, Karl Marx, Neoliberalism, US Empire, Vladimir Lenin, World War II

If you live in the United States and feel like everything is caving in around you, like you are being attacked and fleeced from every angle, like you can’t breathe, like you can’t ever seem to catch a break despite doing everything seemingly right, like you are on the verge of a mental-health crisis and/or homelessness, your feelings are justified. We are living in the middle of widespread societal breakdown. We are witnessing the erosion of an empire. We are experiencing the effects of a rotten system (capitalism) coming to its inevitable conclusion. Simply put, the capitalist class and their two political parties have run out of ways to steal from us. Because we have nothing left for them to take. So, the system is responding like a vampire who is unable to find the blood it needs to survive… erratic, rabid, frenzied, and increasingly desperate and violent, while frantically searching for new avenues of exploitation to keep it churning.

JD Vance: West Wants Global South Trapped At Bottom Of Value Chain

March 27, 2025 Ben Norton, Geopolitical Economy. Resistance Report BRICS, China, Global South, Globalization, JD Vance, Marc Andreessen, Peter Thiel, Silicon Valley, US Imperialism, Wang Yi

US Vice President JD Vance gave a speech about globalization that made it clear that Washington’s goal is to keep formerly colonized countries in the Global South trapped at the bottom of the global value chain. Vance acknowledged that the US-led West wants to maintain a strict international division of labor, in which poor countries in the periphery produce low value-added goods (with lots of competition and therefore low profits), whereas the rich nations in the core extract exorbitant monopoly rents through their control over high value-added technologies (with little to no competition, reinforced by strict intellectual property rights).

What Comes After Globalization?

March 26, 2025 Branko Milanovic, Portside. Educate! Donald Trump, Global South, Globalization, Neoliberalism, Poverty

Donald Trump is back in power, and, to put it mildly, he’s no fan of globalization. The president has publicly “rejected globalism and embraced patriotism” and said that “it’s left millions and millions of our workers with nothing but poverty and heartache.” To better understand the current era of globalization that he’s trying to bring to an end and its track record, it’s useful to compare it with the globalization that took place between 1870 and the outbreak of World War I. Both globalizations represent pivotal periods — watershed years that shaped today’s world. And both saw the largest expansions of global economic output to date.

Adapting Employee Ownership For Truly Democratic Businesses

November 12, 2024 Kosta Juri and Tej Gonza, Grassroots Economic Organizing. Create! Cooperatives, Democracy, ESOPs, Globalization, New Economy, Worker Ownership

The form of globalisation that has prevailed – one that primarily serves the interests of financial and corporate elites – is, to a large extent, a political and legal artefact, not an inevitable outcome of an increasingly interconnected global economy. More specifically, it is primarily attributable to the commodified nature of the business enterprise, which is essentially a human organisation but legally treated as a commodity in our economies. A prime example of the damaging effects of business commodification is the private equity industry. Private equity firms typically acquire businesses with growth potential (often through a leveraged buyout, a mechanism originally devised by Louis Kelso in the 1950s for worker buyouts), restructure them to maximise profitability, and then sell them for a profit.

Samir Amin On The Theory Of Multipolarity

November 11, 2024 Monthly Review Editors, Orinoco Tribune. Strategize! BRICS, Globalization, Imperialism, Multipolar World, US Empire, Washington DC

It is almost universally recognized today that we are living in a multipolar world, symbolized by the continuing decline of U.S. hegemony; the economic stagnation of the imperial triad of the United States, Europe, and Japan; and the rise of the BRICS (Brazil, Russia, India, China, and South Africa). But the historical and theoretical significance of this is in dispute. The foremost theorist of multipolarity was Samir Amin, through his concept of “delinking,” which he developed throughout his career. For Amin, the struggle against imperialism required a delinking from the law of value on the world level centered in Washington, London, Paris, Berlin, and Tokyo, and its replacement by a more “polycentric” or “multipolar” world order, in which nations in the periphery of the system could reorient their economies toward their own nation-based value systems, thereby meeting their own internal developmental needs.

How Neoliberalism Weakens Economies And Fuels Alternative Systems

January 15, 2024 Margaret Flowers, Clearing the FOG. Podcast - Clearing The FOG BRICS, Globalization, Imperialism, Neoliberalism, Palestine, Wars and Militarism

Major economic shifts are occurring in the world, in part driven by a response to Western imperialist nations' long history of attempting to impose their will through economic and military coercive measures. To understand the current state of globalization and where it is headed, Clearing the FOG speaks with Radhika Desai, the director of the Geopolitical Economy Research Group at the University of Manitoba. Desai discusses neoliberalism and how it weakens first world economies as well as alternatives such as the BRICS formation that are starting to have a significant impact in challenging Western hegemony. She also describes the current events in Western Asia as another turning point in the decline of Western power.

BRICS+ And The Future Of The International Order

December 16, 2023 Elias Khalil Jabbour, Geopolitical Economy. Educate! Brazil, BRICS, China, Global South, Globalization, Multipolar World

The emergence and rise of new poles of power to the detriment of existing ones is nothing new in history. Since the 18th century, there have been countless examples of transitions in international hegemony. This accelerated with the emergence of industrial capitalism in England, which was more advanced than the Portuguese and Spanish commercial capitalism that for centuries had dominated much of the world, especially Latin America. Even the capitalist dynamic inaugurated by England has characteristics that are not unfamiliar to economic historians with great theoretical and conceptual rigor.

Community Is Central To Building A Post-Neoliberal Future

December 26, 2022 Luke Gannon and Stacy Mitchell, Institute For Local Self-Reliance. Create! Community, Globalization, Neoliberalism

“What is it that people really want?” Stacy Mitchell, Co-Director of the Institute for Local Self-Reliance, posed at an event hosted by the Center for Political Economy, Columbia Law School, and the Financial Times. Humans have survived for millennia based on our ability to work together to serve each other’s needs. “Community,” Stacy posits, “is a deeply held biological and spiritual need.” The event, “Rethinking Globalization, Intermediation, and Efficiency,” gathered journalists, academics, and advocates to explore new paradigms for a post-neoliberal world. Stacy explained how neoliberalism has “actively demeaned and destroyed communities as self-conscious and self-governing places. It has stripped places of their economic and political power and it has rendered them subservient to distant entities,” namely powerful corporations.

The Chris Hedges Report: Struggle Makes Us Human

June 18, 2022 Chris Hedges, The Real News Network. Resistance Report Class Struggle, Fascism, Globalization, Ruling Class

The neofascist movements currently rising around the globe differ from the fascist movements of the 20th century. Fascism in the last century arose to break radical workers’ movements, many organized by the Communist Party. But the current neofascists, figures such as Jair Bolsonaro in Brazil and Narendra Modi in India, do not need to focus on destroying unions, which have already been decimated by globalization. Instead, they can directly channel the anger of the unemployed and underemployed towards minorities and the vulnerable. Vijay Prashad addresses these deformations—and explains how we can fight back—in conversation with Frank Barat in his new book Struggle Makes Us Human: Learning from Movements for Socialism.

The World Doesn’t Work That Way Anymore

June 16, 2022 Alastair Crooke, New Cold War. Educate! Globalization, Russia, Ukraine, Wars and Militarism

The First World War signaled the end to a mercantilist order that had evolved under the aegis of European powers. One hundred years later, a very different economic order was in place (neoliberal cosmopolitanism). Believed by its architects to be universal and everlasting, globalization transfixed the world for an extended moment, but then started the subsidence from its zenith – precisely at the moment the West was giving vent to its triumphalism at the fall of the Berlin Wall. NATO – as the order’s regulatory system – addressed its attendant ‘identity crisis’ by pushing for eastward expansion toward Russia’s western borders, disregarding the guarantees it had given, and Moscow’s virulent objections. This radical alienation of Russia triggered its pivot to China.

Shipping Chaos Is The Latest Sign That Capitalism Is Eating Itself

June 7, 2022 Grace Blakeley, Tribune Magazine. Educate! Finance and the Economy, Globalization, Supply Chain

Larry Fink, the CEO of the world’s largest asset manager, recently wrote in his letter to shareholders that globalization as we know it is over. The war in Ukraine, he argues, marks a turning point in the world economy—though the momentum of globalization had been slowing for many years. Fink’s pronouncement caused a stir among the international capitalist class. The Financial Times featured an editorial opining that ‘global capital has, for the past 40 years or so, flown too far ahead of national economies, creating stresses and inequalities within many nations.’ FT journalists, of course, have been some of the greatest cheerleaders of this process, which made the conclusion all the more striking. But before we decide whether globalization is over, it’s worth considering what it actually amounts to. I

Western-Led Globalization Might End

April 21, 2022 E. Ahmet Tonak and Vijay Prashad, People's Dispatch. Educate! China, Globalization, Russia, US Imperialism

An article written by authors John Micklethwait and Adrian Wooldridge for Bloomberg on March 24 sounded the alarm to announce the end of “the second great age of globalization.” The Western trade war and sanctions against China that predated the pandemic have now been joined by the stiff Western sanctions imposed against Russia after it invaded Ukraine. These sanctions are like an iron curtain being built by the United States and its allies around Eurasia. But according to Micklethwait and Wooldridge, this iron curtain will not only descend around China and Russia but will also have far-reaching consequences across the world. Australia and many countries in Asia, including India and Japan—which are otherwise reliable allies of the United States—are unwilling to break their economic and political ties with China and Russia.

How To Repair The Planet

February 14, 2022 William P. Jones, Dissent Magazine. Create! Globalization, Racial Justice, Reparations

The idea of paying reparations for slavery and other forms of racial injustice remains deeply controversial. Yet it has gained renewed support in liberal publications, city councils and state legislatures, and even the House of Representatives, which recently held hearings on legislation to create a commission to study and develop proposals for reparations. These developments present both a challenge and an opportunity for the left, which has been divided between recognizing the clear case for compensating victims of centuries of exploitation and abuse and concern that reparations are politically untenable and potentially detrimental to building a broad-based movement for social and economic justice.

Putting Technology (And Billionaires) In Its Place

February 7, 2022 Helena Norberg-Hodge, Counter Punch. Create! Capitalism, Class Struggle, Globalization, Technology

The most recent topic explored by the thinkers and activists who make up the Great Transition Network was “Technology and the Future”. As writer after writer posted their thoughts, it was heartening to see that almost all recognize that technology cannot provide real solutions to the many crises we face. I was also happy that Professor William Robinson, author of a number of books on the global economy, highlighted the clear connection between computer technologies and the further entrenchment of globalization today. As anyone who has followed my work will know, globalization is of particular interest to me: for more than 40 years I’ve been studying its impacts on different cultures and societies around the world.

How We Broke The Supply Chain

February 4, 2022 David Dayen and Rakeen Mabud, The American Prospect. Educate! Capitalism, Finance and the Economy, Globalization, Supply Chain

Anyone old enough to remember the Cold War is familiar with a scene routinely depicted on U.S. television at the time: the Soviet breadline. Warning Americans about life under communism, these clips showed Russian citizens lingering forlornly outside businesses for hours to obtain basic goods—indelible proof of the inferiority of central planning, and an advertisement for capitalism’s abundance. Breadlines, the Big Book of Capitalism assured us, could not happen in a market economy. Supply would always rise to meet demand, as long as there’s money to be made. Only deviating from free-market fundamentalism—giving everyone health care, for example—could lead to shortages. Otherwise, capitalism has your every desire covered.

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