StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Discuss the strengths and weaknesses of the Marxist perspective on globalization - Essay Example

Cite this document
Summary
Marxist Perspective on Globalization Name: Institution: Marxist Perspective on Globalization Globalization can be termed as the flow of capital and information across borders. This is through improvements and advancement in technology, and the creation and expansion of markets (Baylis, Smith & Owens 2010)…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.5% of users find it useful
Discuss the strengths and weaknesses of the Marxist perspective on globalization
Read Text Preview

Extract of sample "Discuss the strengths and weaknesses of the Marxist perspective on globalization"

Download file to see previous pages

The dominant group, which was identified as the producer, would depend on the proletariat for labour and manpower (Mann 1997). They, thus, would require the situation to remain as it is to ensure their power. Karl Marx believed that with economic power came social and political power. Looking at the world today, it is not difficult to see what he claimed. This paper will look at some of the strengths and weaknesses on his perspective on globalization. Philosophers and sceptics to Marxism may admit that some of Marx’s theories resonate with today’s world.

In modern times, it has become a common occurrence for gigantic corporations to have a hand in most of what goes on around the world. There is the control of massive goods, products, and services through a few individuals who ensure that there is a continuous flow of labour (Schirato & Webb 2003). In doing so, the proletariat class ensures they survive. This is regardless of what they feel on what is going on around them is not all fair. The strengths that show up in Karl Marx’s perspective on globalization offer an individual a concise image of what is happening today (Westra 2010).

Strengths of the Marxist perspective on globalization One of the key aspects of globalization that Marx indicated was the positive trend that may benefit consumers. In the growth and development of markets, it is highly likely that the consumers may benefit from the production of more goods, services, and products. There will be an efficient way of allocating these products and goods to markets and consumers. This gets to prove that the individualistic driven market are getting higher up, and are present.

It may be impossible to have national competitiveness if there is a regulation placed on the allocation of products in such markets (Scholte 1997). This is what Marx sought to claim during his time. However, it was only after his lifetime that individuals came to see what was happening. Karl Marx was a sceptic of globalization. He saw it as a means for the wealthy to get more powerful, while the poor remain poor. Nationalism and governments will remain the determining factors in every day and age.

All these are controlled from the background by individuals who have a hand in the global market, which inadvertently controls the proletariat class. Competition allows capitalists to improve their products, make new products for consumers, and expand their bases. Countries that need their economies to grow must, therefore, compete with foreign markets and have a place in the expanding market (Ritzer 2009). Marx’s perspective indicated that lines along race will no longer be considered. Individuals will only be looked at as consumers that have the ability to pay for products.

This is regardless of where they are, or who they are. Moreover, the Marxist perspective’s strength comes in the form of its ability to explain change and conflict in society. As seen earlier, for these individualistic controlled markets to survive, it is imperative that they change their goods, products, and services to sustain their consumers’ urges. The proletariat class is responsible for the manpower and labour that enables the bourgeoisie class to have a hold on everything. If a shift occurred, there would be an unsettling balance that would indicate the dominant class is no longer in control.

By maximising their control over the less dominant class, they have control over their

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discuss the strengths and weaknesses of the Marxist perspective on Essay”, n.d.)
Discuss the strengths and weaknesses of the Marxist perspective on Essay. Retrieved from https://studentshare.org/history/1466000-discuss-the-strengths-and-weaknesses-of-the
(Discuss the Strengths and Weaknesses of the Marxist Perspective on Essay)
Discuss the Strengths and Weaknesses of the Marxist Perspective on Essay. https://studentshare.org/history/1466000-discuss-the-strengths-and-weaknesses-of-the.
“Discuss the Strengths and Weaknesses of the Marxist Perspective on Essay”, n.d. https://studentshare.org/history/1466000-discuss-the-strengths-and-weaknesses-of-the.
  • Cited: 0 times

CHECK THESE SAMPLES OF Discuss the strengths and weaknesses of the Marxist perspective on globalization

Globalization and Media

hellip; Critically discuss both approaches outlining their strengths and weaknesses.... globalization and Media 1.... To what extent is cultural imperialism still a useful conceptual tool for understanding the process of globalization?... Debates about Cultural Imperialism can be reduced to two broadly opposing approaches: the critical political economy approach that stresses culture ‘Homogenization' and the cultural studies approach that emphasizes cultural ‘Heterogeneity' or in some case ‘Hybridism'....
10 Pages (2500 words) Essay

Global Political Economy:a critical review of its theoretical approaches

The spread of free market capitalism throughout the world today is quite unprecedented and it is no doubt aided by liberalism and the globalization of trade and finance because of only one superpower nation in the world… GLOBAL POLITICAL ECONOMY (A Critical Review of its Theoretical Approaches) Introduction The spread of free market capitalism throughout the world today is quite unprecedented and it is no doubt aided by liberalism and the globalization of trade and finance because of only one superpower nation in the world....
7 Pages (1750 words) Essay

Uneven Geographic Development and Globalization

Therefore, due to issues raised by the question of what globalisation represents, three broad schools of thought have developed each having a different perspective of globalisation but all endeavour to comprehend and elucidate this phenomenon.... Uneven Geographic Development and Globalisation Professor Date The world has gone through phenomenal changes since the end of the colonial era, where the future of many geographical places were previously under the direct manipulation of others to the current period of neoliberal globalisation in which a distinct geographical place is responsible for its own well-being....
13 Pages (3250 words) Essay

Globalisation in the New Millennium

Globalisation is a hot topic for many individuals, agencies, organizations and government departments who find themselves of having to defend or attack the current globalisation trends.... The debate over its positive and negative effects continues on.... Like some other isms, it has… ecome an all-purpose tag that can be wielded in almost any ideological direction that it is perceived differently by diverse groups who have their own set of definitions. Much of the globalisation literature actually is confused according to Sociologist Leslie Sklair (1999) Partly, this may be because not all those who use the term distinguish it clearly enough from the popular notion of internationalization....
12 Pages (3000 words) Essay

A Critical Review of Theoretical Approaches to GPE

The continuous changes in the social, economic, political and cultural landscape of the nations and of the world as a whole have paved the way to the new concepts and theories which include globalization, competitiveness, and even the term Global Political Economy (GPE) has… IPE or GPE is a rapidly developing field of interdisciplinary studies or of related approaches which seeks to understand the international or global issues besetting a nation or nations through the use of Traditionally, there are six central concepts of GPE: state, firm, capital, power, labour and globalisation, which are, from analytical point of view, interconnected....
4 Pages (1000 words) Essay

Challenges to Social Policy in Relation to Globalisation

This essay discusses the challenges to social policy in relation to globalization.... The paper specifically talks about the effects of globalization on social policy, especially on health, poverty, inequality, and employment; theories and debates; and effect on local communities....   … The conclusion from this study states that globalization does not only affect the movement of people, goods, ideas, and capital across the globe, but also the process of social policy formation....
15 Pages (3750 words) Essay

The World Has Nothing to Fear from the US Losing Power

hellip; The author states that although the article has some powerful strengths, which will be referenced later, the reality of the fact is that it takes a rather fanciful view of the way in which global affairs and international relations will be conducted in the future.... The paper “The World Has Nothing to Fear from the US Losing Power” seeks to evaluate Guardian article which engages the reader with a current comparison of the United States ceding power to China and what this ultimately means for a previously uni-polar world....
14 Pages (3500 words) Article

Sociology of Health and Health Care - Sexual Division of Labor

This paper "Sociology of Health and Health Care - Sexual Division of Labor" seeks to discuss the meaning of the sexual division of labor and indemnify the relationship between sexual division of labor and gender-related health access and risk.... Despite widespread reforms driven by forces of globalization, health care, access and affordability continue to feature in global platforms as a major problem....
8 Pages (2000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us