Neoliberalism, Globalization and

Post Modernism

Umesh Gadekar
Asst. Director/Asst. Director
YCSRD,
Shivaji University, Kolhapur
 Neoliberalism
Neoliberalism is a policy model of social studies
and economics that transfers control of economic
factors to the private sector from the public
sector.
Neoliberalism, ideology and policy model that
emphasizes the value of free market competition.
Promotes minimum government interference and
consider market as the sole social regulator.
Cont
The worlds money, technology and markets are
controlled and managed by global corporations.
A common consumer culture unifies all people in
a shared quest for material gratification.
Corporations are free to act solely on the basis of
profitability, without regards to national or local
consequences.
Relationships, both individual and corporate. Are
defined entirely by the market.
There are no loyalties to place and community.
Cont
These believe in the absolute superiority of
the human over non-human.
It implies less red tape, less centralizations,
and less bureaucratic control.
Global corporations are more powerful than
governments.
End of licence Raj (assumed an identity
independent of the people)
 The best definition of globalization
Princess Diana's death:

An English princess with an Egyptian boyfriend

crashes in a French tunnel, driving a German car with a Dutch engine,
driven by a Belgian who was drunk on Scottish whisky, followed
closely by Italian Paparazzi, on Japanese motorcycles; treated by an
American doctor, using Brazilian medicines.
This is sent to you by an American, using Bill Gates's technology, and
you're probably reading this on your computer, that uses Taiwanese
chips, and a Korean monitor, assembled by Bangladeshi workers in a
Singapore plant, transported by Indian lorry-drivers, hijacked by
Indonesians, unloaded by Sicilian longshoremen, and trucked to you
by Mexican illegals..... (from the web)
 What kinds of things cross international borders?

Trade goods and services.

You can buy a TV from China, car from Japan, clothes from Indonesia or
Italy.
You can hire someone from India to write software or answer your
telephone
Capital money, investment
You can put your savings into a bank in Zurich.
You can buy stock in SONY, a Japanese company
People immigrants, refugees, tourists
Immigrants come to Calgary from Asia, Africa, S. America, Europe
You can easily travel to Europe, Asia, S. America
Communication
You can easily call or email people around the world
Culture (art, music, cuisine)
You can hear music from Brazil, South Africa, India
Nearby restaurants: Chinese, Thai, Ethiopian, Indian
Ideas
 Six core claims of globalism
Globalization is about the liberalization and
global integration of markets. (Corporate liberalization and
integration of market and culture)
Globalization is inevitable and irreversible (It does not
matter whether you like it or not, its happening, its going to happen)
Nobody is in charge of globalization (self-regulating market)
Globalization benefits everyone (... in the long run)
Globalization furthers the spread of democracy in the
world (tend to treat freedom, free markets, free trade and democracy as
synonymous terms.)
Globalization requires a global war on terror (contingent one
and thus less important than the previous five)
Cons Increased environmental damage
increased poverty, inequality, injustice
erosion of traditional culture
Corporations are motivated by profit and
have little concern for people
economic globalization developments feed
into ethnic, religious, and factional tensions
that lead to wars and help breed terrorism
Terrorists now globally interconnected and
empowered with knowledge, create a whole
new category of warfare based, in part, on the
disruption of the interconnections which are
both created by and necessary for
globalization
Corporations shape political policy of
countries e.g. over fishing
 Pros
increases economic prosperity
and opportunity
higher degrees of political and
economic freedom in the form of
democracy
Improved standard of living
reduction in poverty
Improved gender relations
Increased life-span
 Postmodernism
Postmodernism. A general and wide-ranging
term which is applied to literature, art,
philosophy, architecture, fiction, and cultural
and literary criticism, among others.
Postmodernism is largely a reaction to the
assumed certainty of scientific, or objective,
efforts to explain reality.
Cont
It describes both an era and broad movement.
Developed in the late 20th Century.
General and wide ranging term.
It includes critical interpretations of culture,
literature, art, philosophy, history, economics
etc.
Term used in 1880 by John Watkins Chapman-
a postmodern painting
Cont
Challenges the modern, global, all world views, be they
political, religious or social.
In the post modernism interpretation is everything.
Reality only comes into being through our interpretations
of what the world means to us individually.
It relies on concrete experience over abstract principles.
Post modernism is Post because it denies the existence of
any ultimate principles.
A characteristics of the so called Modern mind.
Placing all principles under scrutiny of its scepticism.