Marxism And Globalization Analysis

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Introduction I argue that Marxism is best explains the contemporary phenomenon of economic globalization. “Marxism is a method of socioeconomic analysis that analyzes class relations and societal conflict that uses a materialist interpretation of historical development and a dialectical view of social transformation” . “Marxist methodology uses economic and sociopolitical inquiry and applies that to the critique and analysis of the development of capitalism and the role of class struggle in systemic economic change. In Marxism, the concept of contradiction between economic and political relations was enacted into historical law. The Marxist position is that the mode of production does in fact determine the superstructure of political relations. Therefore, it is argued, history can be understood as of product of dialectical process- the contradiction between the evolving techniques of production and the resistant sociopolitical system. As for the concept of “national interest,” the national interest of a given nation-state is, of course, what its political and economic elite determines it to be” .The dominant idea of contemporary bourgeois thinking is that increasing international integration of economic activity, or “globalization” will lead to prosperity and peace for all. But globalization is not a concept that helps us understand the world around us. It is an ideological construct used to trumpet capital victory- to conceal the crisis ridden nature of the system and its

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