Global Capitalism

Topics: Culture, Globalization, Western world Pages: 6 (1973 words) Published: May 15, 2014
Edward Said has argued that the Orient was “almost a European invention” and crucial to the colonial project. Samuel Huntington argues that the world is being driven towards an evitable “clash” between essential cultural differences. What do race/ethnicity, culture and difference have to do with global capitalism? Global capitalism is the key to how society operates today. The impact that global capitalism has created relies much on the past in relation to race, ethnicity, culture and differences. These four categories are linked to global capitalism in ways that can maintain the system or ultimately destroy it. Berberoglu, B (2005, p49) says global capitalism refers to the inter-exchange of technology, trade and finance into one market, whereby which brings different cultures together closer. Global capitalism which is wide spread especially in western countries, cities such as London, Paris and New York are areas in which have a huge combination of diversity and culture. However in order to know the impact culture has had on global capitalism. What is culture? Culture is something for which individuals can establish their identity through the knowledge of building blocks such as language religion or ethnicity. (Globalisation of world politics, p 120). This cultural identity can stretch to become something big, known as a civilization. (Globalisation of world politics, p421). What has been observed according to Baylis, J. Smiths, S. Owens, P. (2008, p269) is that global capitalism has grown so fast that it is interfering with diverse cultures all throughout the world by destroying already stable localities, and bringing the idea of homogenisation. This has led to in some countries, the loss of individual cultural identity. Most importantly it has created a cosmopolitan consumer culture which has made places in the world more identical with integrated cultures interacting with one another. Baylis, J. Smiths, S. Owens, P. (2008, p423)

Colonialism play a huge part in the way capitalism has an impact in today’s world. Loomba, A (1998, p124) as colonialism was the passage through which capitalism was able to expand globally. However this couldn’t have been done without the assistance of racism. Ratcliffe,P (2004,p27 )says race is a term that is taken for granted, especially when it comes to definition. Its meaning varies on the individual, whereby it could be a set of physiological and behavioural features. Moreover it could be a way of systematic organising by the inferiozation of certain groups to be applied globally. Taking into account this definition of race, Loomba, A (1998, p57) stated that colonization reshaped knowledge of human beings forever, to attribute to on-going continuation of capitalism, providing a mis-representation of reality and functioning like a set of ideologies. The spread of this knowledge in colonialism involved coercion and force, Loomba, A (1998, p31). The invention of race was used to segregate individuals and to organise and structure labour that was required for upshot of capitalism. This eventually led to the formation of classes which determined the designated work given to each respective individual. Brodkin, K. (2000, p245) Loomba, A (1998, p4 ) the penetration of these societies, which affected cultural identity lead to an unequal economic balance whereby European capitalism benefited. The growth of finance for global capitalism was fuelled by the exploitation of individuals where labour was available but was limited in capitalism. These were in places, where the culture was intact such as Africa and Latin America. It is because of the subordination of undeveloped countries that provided growth for the western countries to accumulate more capital to ignite what we now see today as globalization. Loomba,A (1998, p5). Racial segregation was vitally important for colonisers, as they didn’t want any confusion in the division between races and cultures between the colonisers and colonized....

Bibliography: Baylis, J. Smiths, S. Owens, P. (2008) The Globalization of World Politics: An introduction to international relations. 4th edn.Oxford: Oxford University Press.
Berberoglu, B. (2005) Globalization and Change: The Transformation of Global Capitalism. (ed.) Oxford: Lexington Books.
Brodkin, K. (2000) Global Capitalism: What’s race got to do with it?, American Ethnologist, 27(2), pp 237-256.
Loomba, A. (1998) Colonialism/ Post Colonialism. London: Routledge.
Ratcliffe, P
Samuel Huntington: The Clash of Civilizations (1992), Part 1, You Tube. [online] Available at: http://www.youtube.com/watch?v=oOZXpcfE4S0 (Accessed: 3rd May 2012)
Samuel Huntington: The Clash of Civilizations (1992), Part 2, You Tube
Samuel Huntington: The Clash of Civilizations (1992), Part 3, You Tube. [online] Available at:http://www.youtube.com/watch?v=OOzCwB2LtU4&feature=relmfu (Accessed: 3rd May 2012)
Samuel Huntington: The Clash of Civilizations (1992), Part 4, You Tube
Berberoglu, B. (2005) Globalization and Change: The Transformation of Global Capitalism. (ed.) Oxford: Lexington Books.
Brodkin, K. (2000) Global Capitalism: What’s race got to do with it?, American Ethnologist, 27(2), pp 237-256.
Loomba, A. (1998) Colonialism/ Post Colonialism. London: Routledge.
This book was very useful
Ratcliffe, P. (2004) ‘Race’, Ethnicity and Difference: Imagining the Inclusive Society. Berkshire: Open University Press.
Samuel Huntington: The Clash of Civilizations (1992), Part 1, You Tube. [online] Available at: http://www.youtube.com/watch?v=oOZXpcfE4S0(Accessed: 3rd May 2012)
Samuel Huntington: The Clash of Civilizations (1992), Part 2, You Tube
Samuel Huntington: The Clash of Civilizations (1992), Part 3, You Tube. [online] Available at: http://www.youtube.com/watch?v=OOzCwB2LtU4&feature=relmfu (Accessed: 3rd May 2012)
Samuel Huntington: The Clash of Civilizations (1992), Part 4, You Tube
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Commodity Chains and Global Capitalism Essay
  • Fall of Global Capitalism (Frieden) Essay
  • Capitalism in a Global Economy Essay
  • Capitalism Essay
  • Capitalism Research Paper
  • capitalism Essay
  • Capitalism Essay
  • Capitalism Essay

Become a StudyMode Member

Sign Up - It's Free