Globalization and Modern Society - Essay Example

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Globalization and Modern Society

In each stage one socio-economic class gave way to the other. Today we live in the age of globalization with its unique blend of capitalists, international labor, and global bureaucratic institutions. Within the context of globalization this finds a certain amount of resonance. Globalization has in many ways spread a regulated market economy. Superficially that may seem like the expansion of capitalism. In reality, virtually everywhere today there is an extensive public-private partnership. In Europe this is called socialism. In America it is technocracy. In China it is the command economy. In India it is “developmentalism.” These all involve some level of market economy and some level of state control. Marx theorized that the economic stage after capitalism would be socialism. He of course specifically theorized that this would be a “dictatorship of the proletariat.” In reality this socialism has involved the integration of the working class, the politico-bureaucratic class, and the business class. But its results have been very close to Marx’s theories. A global system of government and economics would supersede nineteenth century capitalism wherein traditional nation-state sovereignty would be diminished. In its place would develop international frameworks and governance with a global outlook. ...Show more

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Globalization and Modern Society Despite the ideological platitudes of the twentieth century, it is quite possible that Marx’s economic claims and predictions were right. This is not to say that everything he wrote came true exactly; it is to say that in a broad sense much of what he said to be historically determined has in fact turned out to be the case…
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