chapter  2
31 Pages

‘Globalisation’ and the British working class: an essay in economic analysis and political prognosis

Introduction This chapter is concerned with the developing contradictions of post-war capitalism and with some of their political implications in Britain. One basic consideration must be emphasised – that in the twentieth century we live in the epoch of world economy and world politics. The chapter begins by looking at the catastrophe overtaking millions upon millions of people, especially in Africa, Latin America, and Asia. It is argued that this is by no means a manifestation of the problems of those areas: it can be explained only from the standpoint of the nature of the world capitalist system in the epoch of its decline and decay. Likewise, when we turn to the particular features of British capitalism, its crisis and related developments in the class struggle: these cannot be artificially abstracted from their world context.