Interesting perspective. Wiping out Communism removed the final - TopicsExpress

Interesting perspective. Wiping out Communism removed the final obstacle to the global triumph of capital. No longer did corporations doing business in the Third World have to worry about workers’ movements, or nationalization of their assets. Globalization exploded in the 1990s because the entire globe was finally under a single economic system. And if corporations didn’t have to worry about treating workers abroad well, they didn’t have to worry about treating workers at home well, either. They could simply threaten to move their operations abroad if Americans demanded high wages, or job security. Communism’s defeat has done more than its 75-year-long victory to validate the theories of its founder, Karl Marx, who foresaw both globalization and the misery it would cause the common worker.

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