Tag: globalisation

Has globalisation ended?

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Wednesday, 27 April 2022 — Michael Roberts Blog

michael roberts

Apart from inflation and war, what grips current economic thought is the apparent failure of what mainstream economics likes to call ‘globalisation’.  What mainstream economics means by globalisation is the expansion of trade and capital flows freely across borders.  In 2000, the IMF identified four basic aspects of globalisation: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge.  All these components apparently took off from the early 1980s as part of the ‘neoliberal’ reversal of previous national macro-management policies adopted by governments in the environment of the Bretton Woods world economic order (ie US hegemony).  Then the call was to break down tariff barriers, quotas and other trade restrictions and allow the multi-nationals to trade ‘freely’ and to switch their investments abroad to cheap labour areas to boost profitability.  This would lead to global expansion and harmonious development of the productive forces and resources of the world, it was claimed.

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Burning Globalist Structures to Save the Globalist ‘Liberal Order’

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Sunday, 6 March, 2022 — Strategic Culture Foundation

Alastair Crooke

Biden, finally, has his foreign policy ‘success’: Europe is walling itself off from Russia, China, and the emerging integrated Asian market.

In its triple strike of sanctions on Russia, the EU initially was not looking to collapse the Russian financial system. Far from it: Its first instinct was to find the means to continue purchasing its energy needs (made all the more vital by the state of the European gas reserves hovering close to zero). Purchases of energy, special metals, rare earths (all needed for high tech manufacture) and agricultural products were to be exempted. In short, at first brush, the sinews of the global financial system were intended to remain intact.

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The State Strikes Back

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10 April 2021 — theplanningmotivedotcom

the-state-strikes-back.pdf

Just a few years ago, at the height of globalisation, International Trade Treaties that were being negotiated included laws binding on participating countries with enforcement devolved to offshore havens. Failure to comply would entail facing unavoidable financial penalties set offshore. This was the ultimate goal of neo-liberalism, to strip national governments of their tax and legal powers rendering them supplicants to the multi-nationals and international finance.

Brian Green, 9  April 2021.

“Your Economics Professor is almost Certainly a Charlatan: A review with commentary of ‘My Mis-Education in 3 Graphics’,” a film by Mary Filippo

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August 20, 2020 — Monthly Review Essays
My Mis-Education in 3 Graphics

This fifty-eight-minute film will interest anyone who has taken a college-level course in economics, especially those who were baffled by the professor’s pronouncements but too insecure or embarrassed to ask an obvious question. Filmmaker Mary Filippo began in 2004 to audit economics classes in the hope that she could “learn something about globalization. Does it really help people in developing countries? What are its downsides?” She did not learn these things. She says, “What I found in these courses was instead a difficult to understand presentation of the economy through graphic models.”(1)

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Post-Pandemic Economic Scenarios: China & Europe (Interview #2)

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10 June 2020 — Jack Rasmus

by jackrasmus

This past April, in the midst of the surging pandemic and collapsing US economy, I was interviewed by three sources in Europe for a US perspective on the events. The following is the second part of an interview with Polish social commentator, Konrad Stachnio, that will appear in a collection of interviews later this summer. Subsequent interview topics with Stachnio, and others in April, will be posted here in coming weeks as well.

(April 2020)

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Global Capitalism, “World Government” and the Corona Crisis

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28 May 2020 — Global Research

 By Prof Michel Chossudovsky

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex.

The potential for the disastrous rise of misplaced power exists, and will persist. (President Dwight D. Eisenhower, January 17, 1961)

***

The World is being misled concerning the causes and consequences of the corona crisis.

The COVID-19 crisis is marked by a public health “emergency” under WHO auspices which is being used as a pretext and a  justification to triggering a Worldwide process of economic, social and political restructuring.

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Mike Davis on pandemics, super-capitalism and the struggles of tomorrow

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30 March 2020 — Mada Masra

The coronavirus pandemic is overwhelming to comprehend. There are now hundreds of thousands of confirmed cases. Tens of thousands have died. Nations are on lockdown as the disease continues to spread. The planet is in crisis.

How did this happen?

What are the underlying political, economic and environmental structures that paved the way for this global outbreak? Where do pandemics emerge from? Is our capitalist way of life biologically sustainable?

To shed light on some of these questions, we turned to American writer, historian and political activist Mike Davis, author of over 20 books, including City of Quartz, Planet of Slums, Ecology of Fear, and The Monster at Our Door: The Global Threat of Avian Flu. Davis is a Distinguished Emeritus Professor at the University of California, Riverside and is a recipient of a McArthur Fellowship and the Lannan Literary Award for Nonfiction.

He responded in writing to a series of questions from Mada Masr about the coronavirus pandemic.

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World Systems and Capitalism: Immanuel Wallerstein’s Legacy by Dr Binoy Kampmark

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5 September 2019 — Counter Currents

“The dead albatross that hangs around our neck is our legacy of arrogance, racism.  And we must struggle to atone, to reconstruct, to create a different historical system.”  So wrote the late sociologist and thinker Immanuel Wallerstein in unequivocal tones of repentance on Europe’s legacy, its “oldest disgrace.”

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MODERN MONETARY THEORY or MAINSTREAM MONETARY THEORY?

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30 June 2019 — planning motive.com

mmt-goes-mainstream-pdf

The discussion on how to respond to the deepening Crash of 2019 is focusing minds. It is recognised that interest rate manipulation and regular quantitative easing will not suffice to bring the global economy back into growth, especially now that international trade is so fractured. Increasingly main-stream economists are dabbling with the direct injection of cash into the economy up to and including by-passing the traditional banking sector.

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