ABSTRACT

This chapter argues that global capitalism thrives on capital accumulation and circulation of capital by ensuring greater control of labour through flexible labour regime world over. In capitalism, surplus labour takes the money value form – surplus value which is made possible by commodity exchange in the market. Byasdeb Dasgupta makes an attempt to decipher the link between financialisation and flexible labour rules as culminating into global crisis of 2007. Reshaping of the national state power through the Fund-Bank's conditions facilitated the interest of big business and global capital, which is directed to containment of labour cost of production. The neoliberal state power in each third world country is facilitated by the contemporary phase of imperialism through the Fund-Bank's conditions imposed upon the third world. Imperialism is the political means to capture both final commodity market and input market including labour market in distant land world over.