The fundamental truth about globalization

 

The fundamental truth about globalization - that it represents freedom for capital and unfreedom for labour - is especially clear where global migrants are concerned.
--
Chapter 4, The Colour Of Money, p. 137

 

David McNally (professor)

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Globalization is thus also about global commodification of labour; it is about - global proletarianization - the creation of a world working class for capital to exploit.

 

David (professor) McNally

 

We have just seen that, apart from money-capital, circulating capital is only another name for commodity-capital. But to the extent that labour power circulates in the market,it is not capital, no form of commodity-capital. It is not capital at all; the labourer is not a capitalist, although he brings a commodity to market, namely his own skin.

 

Karl Marx

 

An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital.

 

Karl Marx

 

Globalization is a trend with many gurus; not all have been wise. Some, writing during the economic euphoria of the Clinton years, predicted that global trade would translate into global peace. In The Lexus and the Olive Tree: Understanding Globalization, Thomas Friedman even dismissed terrorists like Ramzi Youssef, architect of the 1993 World Trade Center bombing, as ineffectual "Yahoos" who were not the wave of the future. We know now that the Ramzi Youssefs of the world are not ineffectual; that they will threaten us for decades to come; and that they will seek to acquire weapons of mass destruction and use them against us.

 

Mark Riebling

 

The development of fixed capital indicates in still another respect the degree of development of wealth generally, or of capital…
The creation of a large quantity of disposable time apart from necessary labour time for society generally and each of its members (i.e. room for the development of the individuals’ full productive forces, hence those of society also), this creation of not-labour time appears in the stage of capital, as of all earlier ones, as not-labour time, free time, for a few. What capital adds is that it increases the surplus labour time of the mass by all the means of art and science, because its wealth consists directly in the appropriation of surplus labour time; since value directly its purpose, not use value. It is thus, despite itself, instrumental in creating the means of social disposable time, in order to reduce labour time for the whole society to a diminishing minimum, and thus to free everyone’s time for their own development. But its tendency always, on the one side, to create disposable time, on the other, to convert it into surplus labour...
The mass of workers must themselves appropriate their own surplus labour. Once they have done so – and disposable time thereby ceases to have an antithetical existence – then, on one side, necessary labour time will be measured by the needs of the social individual, and, on the other, the development of the power of social production will grow so rapidly that, even though production is now calculated for the wealth of all, disposable time will grow for all. For real wealth is the developed productive power of all individuals. The measure of wealth is then not any longer, in any way, labour time, but rather disposable time. Labour time as the measure of value posits wealth itself as founded on poverty, and disposable time as existing in and because of the antithesis to surplus labour time; or, the positing of an individual’s entire time as labour time, and his degradation therefore to mere worker, subsumption under labour. The most developed machinery thus forces the worker to work longer than the savage does, or than he himself did with the simplest, crudest tools.

 

Karl Marx