Letter: Deglobalization? (2017)

Letter to the Editors from the September 2017 issue of the Socialist Standard

Deglobalization?

Dear Comrades

I read Stefan’s article ‘Deglobalization: Is globalization going in reverse?’ (Socialist Standard, May). Stefan’s treatment of this extremely complex phenomenon is thought-provoking.

Despite a weakening of intergovernmental institutions, are there not deeper structures of globalization – not necessarily in the political sphere – that remain intact?

There is an inherent carrot versus stick relationship introduced into the arena of international business by existing treaties on trade: ‘Profit’ v ‘Regulation’ however mild. The abandonment of international trade treaties would perhaps result in a more laissez-faire, colonial frontier type freedom of exploitation and expropriation. Down this turnpike the destination could be the hell of war.

At this juncture it would perhaps be unwise to rule out a come-back of globalization in the fairly near future or to assume that we are on the threshold of a long period of deglobalization.

Joe R. Hopkins, 

Florida, USA.

Reply:

Good point – in particular about ‘deep structures’. The crucial deep structure is that of capital itself, because a relentless drive to expand is intrinsic to capital as self-expanding value. Even protectionist governments are under constant pressure to accommodate this drive.

As Marx put it in Grundrisse: 

‘Capital is the endless and limitless drive to go beyond its limiting barrier. Every boundary is and has to be a barrier for it. Else it would cease to be capital – money as self-reproductive’ (Notebook III/IV).

And again:

‘Capital by its nature drives beyond every spatial barrier… Capital must strive to tear down every spatial barrier to intercourse, i.e. to exchange, and conquer the whole earth for its market’ (Notebook V). 

Nor is there any reason to expect capital to halt at the limits of the planet of its birth. – Editors