Globalization and the Capitalist State Redundant Essay

Globalization and the Capitalist State Redundant - Essay Example In view of the Marxist globalization has been seen as an expansion or development of capitalism in the world. Like other traditional works that were seen to fit in a loose framework of anti-globalization, Marxism may not be described as a single movement nor can it be described as following a unitary intellectual practice from a theoretical perspective. In this case we should understand that Marxism as whole has been engaging with contemporary phenomena in a way that the manner and the mindsets that it has been postulating in the past has been evidence in class, political economy, labor, capitalism and in many other socialism concepts and revolution described as the central axis of globalization. (Ollman 1998, p.87) Â  With the end of communism in Eastern Europe in the 1990s, and the consequent embrace of the capitalism like in the Peoples Republic of China has been expressed as the end of the Marxism’s period. Regardless of the fact that the world has embraced the capitalist economies, Marxism still present a poignant and painful way of accounting for globalization. This has been witnessed in what is happening in the aftermath of the wave that took the world from the 1990s. Marxism has been expressed in many areas like the free-markets, oppressed and exploited labor, modernization, and many other reforms that have been carried out in the political, social and economic systems of the world. Â  Globalization has been described as the increased interaction of the world or the opening up the world. In the last few decades, there has been increased movement of people and goods. There has been the emergence of the new market. Therefore globalization has been a tendency to create a unipolar world though it has been expressed mostly in economic terms.