The next stage
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Proof of the theory
The main economic aspect of capitalist globalization is that capital and jobs are flowing from richer nations into developing countries. Employees in the richer nations suffer as their jobs are outsourced to low wage economies. And capitalist corporations increase exploitation by paying less to workers in developing countries for the same work that was done by workers at home. Capital flows into low wage locations like water flowing down a hill.
In time, this flow will slow down. Pay in developing countries will increase under the pressure of workers' wage demands. Also, local corporations in the developing nations will grow and compete with those from the Western capitalist nations. Already, some regions within the developing nations are now better off, with better paid employees, than some regions in the richer capitalist nations.
Eventually, the developing nations will overtake many of the nations that are now richer than them. In the long term this will undermine capitalism. Globalization will have laid the economic basis for the replacement of capitalism. Capitalist society will collapse in the same way as the later slave societies, e.g. the Roman Empire. Capitalism will then be replaced by the next society.
This follows the historical pattern that centralized economic systems (slavery and capitalism) equalize economic production and collapse into decentralized economic systems (land-duty and the next stage).
The book contains more detail about the above points.Content copyright: Nathan Davis 2003-2013
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