ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Critical Reflections on Globalisation

Critical Reflections on Globalisation James Petras Chronis Polychroniou The rise of globalism is intimately relaxed to One growth of class conflict and the squeeze of profits during the limited globalisation period associated with the 'welfare state'. The crisis of declining profits associated with rising popular power is the source of the demise of 'national development'. The success of capital In undermining popular power, dismaniling the welfare state and converting the state into an instrument of overseas expansion is the underlying condition for globalisation, not 'technological changes', ' world market imperatives' or the 'logic of capital '.

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