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Globalisation and the Role of the State - Research Paper Example

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The author of this research paper "Globalisation and the Role of the State" focuses on the relationship between globalization and the state analyzed from a Marxist perspective. Reportedly, grounded on the Marxist theory of the state, this paper attempts to debunk the popular view that globalization…
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Download file to see previous pages Globalization is not and cannot be neutral because it is the ideology of capitalism. As such, it is meant to serve the interest of the capital. Neither can it help enlighten the understanding of the world, since it intends to boast capitalist victory while camouflaging its fundamentally flawed system and its inherent incapacity to meet the needs of the working class of the world. (Brooks 2006) Unsurprisingly, the principal rhetorical strategy of globalization is the exaltation of the free-market as the best economic system that will bring progress to society (Basu 2008). To believe that globalization is progressive and that it frees the capital thereby compelling the invisible hand of the market to equally distribute resources across the globe is contemptible (Renton 2001). As Patnaik (2003, cited in Jodhka 2003, p.1) explained in the case of India, the integration of third world economies into the global world order is not meant to enrich third world economies but rather to revitalise the old unfair configurations of international trade and to re-establish the colonial arrangements of the international division of labour. This is being achieved no longer through the old way of territorial conquest (wars, aggression) but by subordinating the third world to the first world through the control of the mechanisms of the world trade itself (Brooks 2001). In effect, Cox (2002, p.81) argued that globalization has necessitated the “subordination of domestic economies to the perceived exigencies of the global economy.” Along with this framework, “globalization is essentially the geographic extension of competitive markets, a process dependent on the removal of state barriers to this, and the overcoming of distance through technology” (Gindin and Panitch 2013, p.1). Thus, Gindin and Panitch clarified that the foreign aggression and the continual presence of military installations of the US informal empire in various parts of the world should be seen to be intended primarily to remove capital barriers and to keep the world open to capital accumulation. In short, the accumulation of capital is no longer based on territorial expansion by advanced capitalist countries for exclusive control of natural resources. The world is already divided among superpowers and to re-divide it would mean another world war that would be too destructive to all, given the existing highly sophisticated war technology that advanced capitalist countries have today. Hence to avoid common destruction while containing the deepening economic crisis of global capitalism, globalization pushes capital accumulation by ensuring the free movements of capital and free trade (Gindin and Panitch 2013). Within this framework, globalization is better described to “reflect less the establishment of a stable new international regime of capital accumulation than an aspect of the decay of the old 'social structure of accumulation” (Cox 1987 and Gordon 1988, cited in Panitch 1994, p.61). Therefore, globalization is the latest capitalist manoeuver to save its system from its deepening crisis.
What is the state that its relation to globalization has become debatable? How does it operate that it could be a crucial matter in understanding globalization? The Marxist theory of the state viewed state as a necessary consequence of the social division of labour from which social classes with conflicting interests emerged,consequently causing insoluble class antagonisms. ...Download file to see next pagesRead More
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