Globalization

doi:10.1017/9781316338902.017

16 - Globalization

Published online by Cambridge University Press: 29 May 2020

Seongjin Jeong

Edited by

Marcello Musto

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Marcello Musto: Affiliation:
York University, Toronto

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Summary

Despite its retreat after the economic crisis of 2008, there is no denying that globalization continues to be one of the central tendencies of capitalism’s law of motion. Indeed, exactly 150 years ago, Marx recognized the phenomenon now understood as globalization as the world market (Weltmarkt), although he did not use the former term, because it was coined about a century after his death. However, what Marx meant by ‘intercourse with foreign nations … the expeditions of adventurers, colonization … the extension of markets into a world market … a new phase of historical development’1 in The German Ideology, co-authored with Friedrick Engels (1820–95), was nothing else than today’s globalization. They rephrased the same thing in Manifesto of the Communist Party

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Type: Chapter
Information: The Marx Revival
Key Concepts and New Critical Interpretations
, pp. 285 - 301

DOI: https://doi.org/10.1017/9781316338902.017 [Opens in a new window]

Publisher: Cambridge University Press

Print publication year: 2020

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