Capitalist Globalization - by Martin Hart-Landsberg (Paperback)
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<p/><br></br><p><b> Book Synopsis </b></p></br></br><p>"Globalization," surely one of the most used and abused buzzwords<br>of recent decades, describes a phenomenon that is typically<br>considered to be a neutral and inevitable expansion of market<br>forces across the planet. Nearly all economists, politicians, business<br>leaders, and mainstream journalists view globalization as the<br>natural result of economic development, and a beneficial one at<br>that. But, as noted economist Martin Hart-Landsberg argues, this<br>perception does not match the reality of globalization. The rise of<br>transnational corporations and their global production chains was<br>the result of intentional and political acts, decisions made at the<br>highest levels of power. Their aim - to increase profits by seeking<br>the cheapest sources of labor and raw materials - was facilitated<br>through policy-making at the national and international levels, and<br>was largely successful. But workers in every nation have paid the<br>costs, in the form of increased inequality and poverty, the destruction<br>of social welfare provisions and labor unions, and an erratic<br>global economy prone to bubbles, busts, and crises.<br>This book examines the historical record of globalization and restores<br>agency to the capitalists, policy-makers, and politicians who<br>worked to craft a regime of world-wide exploitation. It demolishes<br>their neoliberal ideology - already on shaky ground after the 2008<br>financial crisis - and picks apart the record of trade agreements<br>like NAFTA and institutions like the WTO. But, crucially, Hart-<br>Landsberg also discusses alternatives to capitalist globalization, <br>looking to examples such as South America's Bolivarian Alliance<br>for the Americas (ALBA) for clues on how to build an international<br>economy based on solidarity, social development, and shared prosperity.</p>
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