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Read The Invisible Handcuffs Of Capitalism: How Market Tyranny Stifles The Economy By Stunting Workers

The Invisible Handcuffs of Capitalism: How Market Tyranny Stifles the Economy by Stunting Workers

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Language
English
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NYU Press academic

The Invisible Handcuffs Of Capitalism: How Market Tyranny Stifles The Economy By Stunting Workers - Plot & Excerpts

The rhetoric of international Procrusteanism, unlike its domestic version, pays little attention to the need to impose working-class discipline. Instead, international Procrusteanism focuses on the need to discipline governments so that they discipline the workforce.
International Procrusteanism represents more than just the intensification of world trade. Often described as globalization or neoliberalism, it represents a new phase in capitalist governance. International Procrusteanism allows dominant nations to avoid the expenses and responsibilities of colonial administration, in effect, contracting the job out to compliant governments. This new system has been far more effective in extracting value from these impoverished nations.
In this scheme, the brute strength of colonial imperialism recedes into the background, although the great powers stand ready to deploy force at a moment’s notice when a government displays either excessive independence or weakness in administering discipline.

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