Globalization: From Capitalism to Hypercapitalism—a Decoupling between People and Societies
Globalization is the transition from capitalism to hypercapitalism—the movement from economic order predicated on a division of labor in which the means of production are controlled by the owners of companies and laborers are paid according to an agreed upon sum to an order in which labor is outsourced and offshored to the lowest bidder, which results in a hypercapitalism that ends up cannibalizing itself, as can be seen in places like France today where the “yellow vests” are lashing out at the Macron government for failing to support the laborer. Capitalism was always dependent upon Old World virtues and order—on the gentleman’s agreement that one nation would not seek to lord it over another; yet, as the Old World virtues and order eroded under the advancing drum of Progress, Industrialization and Technology, capitalism morphed into hypercapitalism—a ravenous need to embark on a zero sum game in which everything would be under the control of a small, hegemonic group of corporate leaders. In today’s societies, the Neoliberalist culture has decoupled a large portion of the populace from their society by failing to acknowledge their needs. From the standpoint of dependency theory, which posits that resources flow from the developing world (where labor is cheap) to the developed world (where the ruling classes are wealthy), globalization can be seen as a form of hypercapitalism as it allows for the exploitation of the developing world, at the expense of both the workers abroad (who are paid very little) and the workers at home (who are left without jobs but taxed extensively nonetheless because of state-sponsored social welfare programs required to ensure that people at home have the benefits they want and expect).
The outcome of this arrangement is that people are cut off from their societies:...
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