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Marxism is all about interpreting human development through the history from profit
driven point of view. It is a social, political, and economic ideology established by
German philosophers, Karl Marx and his colleague. Marxists hold that the foundation of
society is materialism since human beings satisfy their basic needs before getting into
their secondary needs such as politics, arts, science, and religion, among others.
Therefore, Marxist analysis of a capitalism system on the international scale shows that it
entails accumulation of the capital from the poor countries to the rich countries thus
causes global inequality and class struggles among the nations. The existence of massive
global inequality confirms Marxists analysis that capitalism enhances global inequality.
During the early times, developed countries juggled for resources in developing countries
and accumulated a considerable deal of wealth for they did not only obtain raw materials
for the industries, but also cheap labor.
According to a phrase from a book, it asserted that there was a massive exploitation of
resources from developing countries during the colonial period, which led to unequal
development of nations across the globe. Thus, economic, social, and political
development separates developed and developing countries are attributes of capitalism
system according to Marxists.
Easterling, S., 2003. Marx’s Theory of Economic Crisis. International Social Review, 32, pp. 1-23.
Kuhn, R., 2011. Karl Max and Frederick Engels: Manifesto of Communist Party 1848. Communist League, pp.1-32.
https://www.e-ir.info/2018/02/25/introducing-marxism-in-international-relations-theory/
Since industries contribute significantly to economic growth and development of a
country, monopolization of industries, by multinational companies, provides an
opportunity for developed countries to accumulate wealth, a practice that leads to
inequality.
Marxists perceive globalization as a concept of capitalism that results into power and
class struggles. Members of the society are competing for the available resources so that
they can attain social class of their choice.
Furthermore, countries and big companies are also striving to achieve international
domination by being fully aware of the demands of globalization. Given that the global
economy is subject to local factors such as surplus and deficits, consumers and producers,
which regulate it delicately in the world of capitalism, inequality is a weak factor that
determines their movement.
Also, human resources are critical resources that a country depends on because labor
plays a significant role in economic growth and development of a nation. In the face of
globalization and liberalized trade, developed countries tend to lose labor resources due
to emigration of workers in search of better labor markets.
Easterling, S., 2003. Marx’s Theory of Economic Crisis. International Social Review, 32, pp. 1-23.
Kuhn, R., 2011. Karl Max and Frederick Engels: Manifesto of Communist Party 1848. Communist League, pp.1-32.
https://www.e-ir.info/2018/02/25/introducing-marxism-in-international-relations-theory/