What Is Globalisation

Globalisation has today become the buzzword.  It offers respectability to a nakedly aggressive design of imperialism which seeks to economically recolonise the developing third world.  Its admitted objective is to restructure the economies of the third world countries in such a manner  that they dovetail to imperialists' interests of garnering super profits.  In other words, the economies of these countries are to be so restructured that they, without  any restrictions, make themselves available for imperialism's plunder and loot.  This predatory character of imperialism, in the current phase, has become more aggressive, particularly since  the dismantling of socialism in the former USSR and Eastern Europe.  With no countervailing force now present, at the global scale, imperialism is seeking to impose its hegemony through such economic enslavement of the world.

Any attempt at a scientific inquiry of why such an offensive was mounted by imperialism in the last two decades of the 20^th century and intensified today must consider both the objective conditions and developments resulting from development of world capitalism and the subjective desire of imperialism to strengthen its hegemony and exploitation in search of super profits.

One of the features of capitalist development is that while it grows, there  is a tendency towards centralisation and concentration of capital.  This is an inherent law of capitalist production and development. Over a period of time, there would be fewer and fewer capitalists but larger and larger ones. 

During the course of the  second half of the 20^th century, after the Second World War, aided by tremendous advances in science and technology, capitalism developed enormously.  This was based on  intensifying the exploitation both within the capitalist countries and of the third world countries.  During the course of this half century, tremendous concentration of capital took place.  It is this concentration of capital, both of financial and industrial capital, that today is seeking to reorder the world and redefine international legality in order to pursue its super profits without any obstacle or hindrance.  The internationalisation of finance capital seeks  to impose what is know as financial liberalisation, ie, creating circumstances for finance capital to have unhindered access to third world  countries in order to make speculative profits.  It is this centralisation of industrial capital that is seeking unrestricted access to the economic resources and the markets of the third world countries to reap super profits. 

At another level, imperialism today seeks to legally deprive third world countries of  their right to restrict the inflow of imports and regulate trade flows.  In other words, independent third world countries are being forced to surrender their economic sovereignty in the interests of this international capital.