Bulletin n. 2-3/2012 | ||
October 2012-February 2013 | ||
Levi Lucio |
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Politics and Economics in the Globalization Era | ||
in Federalist Debate (The) , Year XXV, n. 3, November , 2012 | ||
The most significant aspect of globalization is essentially political. It lies in the tension between the development of those forces of production that are unifying the world and the structures of the nation-states, which should, but cannot, govern the globalization process because of their dimension. Globalization is not merely a quantitative increase in social relationships and exchanges at the world level but also a qualitative change, rooted in the scientific revolution, in material production. Alongside the national societies and markets, it also creates a global civil society and a global market. It is a process which escapes from the states’ control and in fact subjects state structures to so much strain that they are forced to adapt their own practices to these changing dimensions of economic and social relations. As a result, a vast movement of ideas has taken place, not only in economic thinking but also in policymaking. After the accession to power of Margaret Thatcher (1979) and Ronald Reagan (1981), it took the form of “market fundamentalism”, an expression popularized by George Soros. Its basic tenet is that the free play of market forces promotes the universal spread of wealth, freedom and peace. According to this ideology, markets are capable of regulating themselves and therefore do not need any public regulation. Any interference in market mechanisms is rejected. Therefore, the globalization era would mark the withering of the state and politics. http://www.federalist-debate.org/index.php/editorial | ||