Global Capitalism: Good and Inevitable

Globalization:

The spread of capitalism.

Major Concern: 

Transfer of power from state to capital.

Importance of the State: 

Preservation of National Industry

Global Institutions for Regulation

Progressive Globalization:

Flexible and Adaptive Policies

Successful Globalization: Economic Efficiency

Establishing Global Community


Increased Trade / Availability of Technology

Close the Digital-Divide

Exponential Increase of Productivity

Eliminate Global Income Inequality


Higher Standard of Living

With “capital friendly” national governments and “capital friendly” international agreements, globalization is seen as delivering greater economic efficiency and higher levels of material well-being to all who participate.  Capital is stronger, the state is weaker, but all benefit (Bowles 171).