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Chapter 7

Chapter 7 GS101

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Wilfrid Laurier University
Global Studies
Ali Zaidi

GS101 Chapter 7-Ideologies of Globalization: Market Globalism, Justice Week 4 Globalism, Jihadist Globalism -Ideologies are powerful systems of widely shared ideas and patterned beliefs that are accepted as truth by significant groups in society Ideologies help organize the tremendous complexity of human experience into fairly simply claims that serve as guide and compass for social and political action -These power elites speak to their audience in narratives that persuade, praise, condemn, distinguish ‘truths’ from ‘falsehoods’, and separate the ‘good’ from the ‘bad’ -Ideology connects theory and practice by orienting and organizing human action in accordance with generalized claims and codes of conduct -Like all social processes globalization operates on an ideological dimension filled with a range of norms, claims, beliefs, and narratives about the phenomenon -Globalization-a set of social processes of intensifying global interdependence vs. Globalisms-ideologies that endow the concept of globalization with particular values and meanings -Market Globalism seeks to endow ‘globalization’ with free-market norms and neoliberal meanings -Justice Globalism constructs an alternative vision of globalization based on egalitarian ideas of global solidarity and distributive justice -Jihadist Globalism struggles against both market globalism and justice globalism as it seeks to mobilize the global umma Market Globalism -the dominant ideology of our time -it has been codified and disseminated worldwide by global power elites that include corporate managers, executives of large transnational corporations, corporate lobbyists, celebrities, politicians, etc. -Globalization is portrayed in a positive light as an indispensible tool for the realization of such a global order -Social theorists have called it a ‘strong discourse’ – one that is notoriously difficult to resist and repel because it has on its side powerful social forces that have already pre-selected what counts as ‘real’ and therefore shapes the world accordingly -The five claims of market globalism: Globalization is about the liberalization and global integration of markets Globalization is inevitable and irreversible Nobody is in charge of globalization Globalization benefits everyone Globalization furthers the spread of democracy in the world -Perhaps no single market-globalist speech or piece of writing contains all of the five assertions discussed, but they contain at least some of these claims -Neoliberals see that market globalism is anchored in the idea of the self-regulating market that serves as the framework for a future global order -Claim 1: “Globalization is about the triumph of markets over governments. Both proponents and opponents of globalization agree that the driving force today is markets, which are suborning the role of government” -The successful liberalization of markets depends upon intervention and interference by centralized state power -The claim that globalization is about the liberalization and global integration of markets solidifies as ‘fact’ what is actually a contingent political initiative -Liberalization + Integration of Markets = Globalization GS101 Chapter 7-Ideologies of Globalization: Market Globalism, Justice Week 4 Globalism, Jihadist Globalism -Claim 2: “Today we must embrace the inexorable logic of globalization – that everything from the strength of our economy to the safety of our cities, to the health of our people, depends on events not only within our borders, but half a world away ... Globalization is irreversible” -The portrayal of globalization as some sort of natural force, like the weather or gravity makes it easier for market globalists to convince people that they must adapt to the discipline of the market if they are to survive and prosper -People aren’t in charge of globalization; markets and technologies are -Claim 3: “The great beauty of globalization is that no one is in control. The great beauty of globalization is that it is not controlled by any individual, any government, any institution” -The liberalization and integration of global markets does not proceed outside the realm of human choice -Claim 4: “Globalization’s effects have been overwhelmingly good. Spurred by unprecedented liberalization, world trade continues to expand faster than overall global economic output, inducing a wave of productivity and efficiency and creating millions of jobs” -Globalization benefits everyone -Though when the market goes too far in dominating social and political outcomes, the opportunities and rewards of globalization are spread often unequally, concentrating power and wealth amongst a select group of people, regions, and corporations at the expense of the multitude -The income ratio of the richest and poorest countries has risen -The number of persons below the international poverty line has risen over the last years -The average sala
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