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Economist and Triple Crisis contributor Jayati Ghosh argues that imperialism has not disappeared, but changed shape. The direct military conquest and control of economic territory by the great powers has given way (at least some of the time) to control through multilateral agreements and international institutions. Economic territory may still mean the seizure of land, mines, or oil fields—but it also may mean privatization of public assets and services, or the extension of intellectual property rights to new realms. Where the “labor aristocracy” of the imperialist countries once shared in the bounty of empire, the new incarnation of empire as “globalization” has helped grind away the incomes and status they once enjoyed.

Part 1: http://www.nakedcapitalism.com/2017/04/globalization-end-labor-aristocracy-part-1.html

Part 2: http://www.nakedcapitalism.com/2017/04/globalization-end-labor-aristocracy-part-2.html

Part 3: http://www.nakedcapitalism.com/2017/05/globalization-end-labor-aristocracy-part-3.html

Part 4: http://www.nakedcapitalism.com/2017/05/globalization-end-labor-aristocracy-part-4.html

"Readers Digest version of the above 4 part article" http://www.dollarsandsense.org/archives/2017/0317ghosh.html

#Globalization #Labor #Economics #Politics