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By Boris Kagarlitsky

Within the moment of his experiences of globalisation and capitalism, Boris Kagarlitsky assesses the function of the country within the globalised global. He argues that faraway from being powerless and inappropriate, the kingdom can and may play an important position within the twenty-first century.Kagarlitsky demanding situations the thought that globalisation is a very new phenomenon. even though, transformation of the country in line with globalisation is based on Kagarlitsky urgently wanted, and to ensure that the kingdom to once more play a key function within the financial system, it needs to swap radically.Kagarlitsky examines questions of nation intervention within the economic system and attracts on examples from Russia and the Czech Republic to teach new ways that the nation quarter is being recreated. He demonstrates that even with out the participation of the left, a spontaneous game of the nation quarter is rising in accordance with neo-liberalism. Kagarlitsky additionally discusses the nationwide query and appears at instances within the former USSR, japanese Europe, and the Balkans. He argues that failure of socialists to hyperlink the query of self-determination to different democratic rights has intended socialists were sluggish to reply within the wake of the constructing nationalist pursuits.

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Extra info for The Twilight of Globalization: Property, State and Capitalism

Sample text

Under capitalism every investment decision is made independently, and capital is dispersed between owners and companies, but this does not mean that capital in itself ceases to exist or to subject individual entrepreneurs to its logic. The transition from individual to collective entrepreneurship basically changes nothing; in both cases we are simply dealing with corporations. The key idea of socialists has always been to put capital under the control of society. Of society, and not simply of the producers.

Corruption is eating away at their political institutions. Disillusionment with democratic institutions, with elections and parliamentarism, is on the rise, even in countries that have long traditions of the struggle for freedom. ‘Compared to the militarydominated regimes of the past, the current civilian government seems to be plagued by an even greater number of audacious and reckless irregularities and a rising tide of suspicion over the links between economics and politics’, South Korean journalists wrote in the late 1990s.

Looking for a lifeboat, the private sector realized that its profits depended on government spending and that the cut in government expenditures that accompanied a stabilization programme would hurt it. 22 In other words, the IMF rules were imposed on the national state, even against the will and interests of local business community. 23 The scrupulously moderate Will Hutton also reminds us that the state has a significant ability to practise regulation on the international level as well: Globalisation is still limited by the power of national governments and vested interests of individual economic systems.

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