• Peter Critchley deposited Industry and Europe vol 4 The Economics of Peace, Freedom, and Justice on Humanities Commons 4 years, 5 months ago

    Global economic activity has increased dramatically since the Second World War. The principal agents of this globalisation have been the TNCs. Most importantly, the TNCs have been major players in the growth industries and leading sectors of the long post-war boom and their central presence in what is now a global economy has fundamentally altered the terms on which individual economies can be run. The failure to devise appropriate supra-national political institutions capable of dealing with the TNC’s at an appropriate level of power and competence means that there is an imbalance in the global economy, generating increasing tension between the local and global, particularly in terms of economic and political interests. For Marx, a social order only sets itself such problems as it can solve. This means that any alternative is already immanent in existing lines of development. If human beings only make history in given circumstances, then Marx nevertheless points out these circumstances are also in large part human social creations. The key to resisting the current hegemony of neo-liberalism lies in examining existing society as a field of materialist potential and futurity.