Académique Documents
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Sobrepea
Eng 10 THU3
2015-02864
Outline
V. Economic Level
A. Economic dimension of globalization constantly seems to be dissolving into:
1. Controlling the new technologies
2. Reinforcing geopolitical interests
3. Collapsing the cultural into the economic, and the economic into the cultural
a. Cultural into the economic
i.
Commodity Production
ii.
Entertainment business
b. Economic into the cultural
i.
Financial markets
ii.
Commodification is also an aestheticization
c. Cultural Imperialism
i.
Dominance of US films in foreign markets
ii.
US attempt to batter down cultural protectionist policies
iii.
Efforts to supersede local laws with international statutes that
iv.
a. Paranoid side of such fears may be allayed by the complicity of the states
with these business operations
b. Worrying feature of the new global corporate structures is their capacity
to devastate national labor markets
C. Expansion of finance capital markets
1. Spectacular feature of the new economic landscape
2. We now have to deal with the capital itself
3. Destructive speculation on foreign currencies seen over recent years signals
the absolute dependency of nation-states outside the First World core on
foreign capital in the form of:
a. Loans
b. Supports; and
c. Investments
4. Processes that have eroded many countries self-sufficiency in agriculture
a. Leads to import-dependency on US food-stuffs
b. Might be described as a new worldwide division of labor
5. Spate of financial crises, statements of political leaders and economic figures
a. Have given stark visibility to the destructive side of the new world
economic order
D. International Transfers of Capital
1. One method by which some of this financial damage might be contained
2. Played a leading role within the International Monetary Fund
a. IMF was long perceived to be the driving force of attempts to impose
free-market conditions on countries by threatening to withdraw
investment funds
3. It is clear that the interests of the financial markets and those of the US are
identical
a. These new global financial markets may yet mutate into autonomous
mechanisms that produce disasters no one wants
E. Irreversibility
1. Feature of the story
2. First mooted at the technological level
3. Political level
a. Encountered in terms of imperialist domination
4. Cultural level
a. Globalization threatens the final extinctions of local cultures
5. Economical level
i.
c. Countries will have to try to alleviate the rigors of the free market by
fidelity to their own cultural traditions
d. Global schemes of regulation must be devised
6. Gray attributes both the preconditions of the global free market and its
irreversibility to technology
a. Advantage of a multinational company comes from its capacity to
generate new technologies and to deploy them effectively
b. Root cause of falling wages and rising unemployment is the worldwide
spread of new technology
c. Technology determines social and economic policy
d. A truly global economy is being created by the worldwide spread of new
technologies, not by the spread of free markets
i.
market
e. Nation-state today remains the only concrete terrain and framework for
political struggle
i.
Anti-World Bank and anti-WTO demonstrations
ii.
Such struggles in other countries can only be developed in the
iii.
iv.
v.
protection
Struggles can be conflated with the Iraqi-style resistance
The opposition between universal and particular is embedded as a
contradiction within the existing historical situation of nationstates inside a global system
C. Cultural level
1. Political resistance: A defense of our way of life
a. Powerful negative program
b. Ensures the articulation of all forms of cultural imperialism
c. Positive substance of what is being defended tends to reduce itself to
anthropological tics and oddities (religious traditions)
d. These forces can no longer constitute a universalistic opposition
e. Religious form of political resistance
i.
Power derives from its grounding in an existing community
D. Economic and Social levels
a. Economic: Capitalism is the motor force behind the destructive forms of
globalization
b. Economic to Social
i.
Economic proposals for resistance must be accompanied by a
shift of attention
ii.
Forms of social cohesion are preconditions for political struggle
3. Labor organization (Combination)
a. Symbolic designation for what is at issue on this social level