Date: Thu, 7 Aug 1997 13:02:15 -0400 (EDT)
From: Andrew Wayne Austin <aaustin-AT-utkux.utcc.utk.edu>
Subject: Re: M-I: US Hegemony


List,

Rob makes a fine point, and Stephen Gill has gone a long way in sorting
all this out. This is why globalization as a historical phase in the
development of capitalism is more intense than imperialism. Chris wonders
about some nations exploiting other nations. It was this exploitation
under imperialism that permitted the elevation of living standards in the
core. With the transnationalization of class structure, exploitation and
domination deepens by a deterritorializing of the structure of inequality.
Increasingly, inequality is no longer between nations (and between social
classes within nations) but between social classes in a global class
structure. This doesn't mean that geographically differentiated inequality
will evaporate; for example, racialized and gendered social structures
persist (for various reasons, but primarily economic) and so regional
differences in the allocation of production segments and sectors remain in
place. But it does portend an eventual leveling and homogenization of
social classes globally. 

Andy Austin




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