IS globalization a new stage in the development of capitalism Essay

IS globalization a new stage in the development of capitalism - Essay Example The premise of capitalism banks on the philosophy of holding wealth on the part of the privately owned entities. This is a drastic philosophy – and one that can have lasting effects on the long run contextual meaning of the globalization regimes. Since globalization looks to provide benefits to both the developed nations as well as the comity of nations that can only be remarked as the underdeveloped, what in essence it does is to instigate the capitalist entities in a very aggressive manner. The political ramifications that come attached with such globalization undertakings under the capitalist modules need serious thinking and proper action, before one could deduce the overall success or failure of such regimes in entirety. As a matter of fact, capitalism is generally not a very favored phenomenon within any region of the world. If the globalization regimes are taken as a new stage or a new sub-cultural norm within the capitalist settings, then one can only think of havoc coming in within the respective economic and political undertakings of the state. Politically speaking, globalization aims to bring wealth and prosperity for any country and thus the proponents of globalization generally favor the tide which is coming their way. The publics seem to understand that with the wave of globalization within their folds, success will actually creep in, though in a slow fashion. However one can comprehend that success is indeed significant from the long term scheme of things and if globalization provides the boost within the interaction mechanisms of people with their respective governments, then the latter usually allow the globalization regimes to come in within the countries and flourish to the optimum pos sible levels (Maitra 1996). This means a win-win scenario for the people as their government understands how to bring prosperity and growth basis within the country. It helps the political groups in winning the electorates and thus sweeps the elections as and