The U.S. political scene has been undergoing a facelift in an effort to restore the decreasing legitimacy of the transnationally-oriented capitalist class. This transformation has been characterized by a right wing that has sought to portray itself as economically nationalistic in an attempt to expand support among the working class (primarily, among working class whites) whose economic stability has dwindled during the neoliberal era.
Why is this the case?
Beginning in the 1970’s, faced with declining rates of profit and accumulation, as well as rising international competition, capital needed to break free from the national constraints that had been put on it during the fordist-keynesian “new deal” era. One of those “constraints” had been the responsibility of ensuring the social reproduction of its national labor force. “Going global” has allowed capitalists to do away with this concern, as they now could tap into an ever-growing global pool of marginalized workers.
Rise of Capitalist Globalization
By the late 20th century and into the 21st century new technologies and organizational advancements allowed companies to more easily operate across borders. New transnational networks of production and finance began to form.
Capitalist globalization had a major impact upon workers, not just in the global south, but in the ‘developed world’ as well. As is often the case, the most marginalized workers feel the effects of anti-worker policies…