Chapter 9: Conclusions
9. Conclusions INTRODUCTION Commenting on the implications of the perceived triumph of globalised capitalism after the break of the Soviet Union in the early 1990s, Dunn (2001) wrote: ‘A world at last fit for capitalism will be a world in which those who have talents, good fortune and energy equip them to trade profitably profit handsomely, irrespective of where they happen to have been born. It will be a world in which property rights are highly secure, but other human claims have force only insofar as they fit comfortably with the security of property rights. In this sense, it will be a world of increasingly pure power, where the strong take what they can get and the weak endure what they have to’. (Dunn, 2001, p. 332) According to the Dunn thesis, the ascendance of capitalism as the only viable economic system meant that the power and influence of the global financial markets, large corporations, strategic interest groups in the advanced economies and the new millionaires, were the ascendant voices that were giving shape and defining the nature of globalisation. In the meantime, workers were increasingly forced to compete with each other in a context of falling wages and also declining social provision processes that were undermining communities: ‘It is crucial to make a clear distinction between for example a global flow of technology, ideas and information to rebuild sustainable local communities – i.e. a supportive internationalism – and the process of globalisation. In essence, the latter is the systematic reduction of...
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