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globalization
C. J. Polychroniou on Socialism, Left Internationalism, and the Climate Crisis
The return of Left internationalism inspired by the vision of socialism needs a dramatic turnaround on the global ideological and political landscape.
May 28, 2025
Has neoliberal globalization run its course? Should the Left be on the side of tariffs or protectionism? Can Left internationalism be revived? Political scientist, political economist, author, and journalist C. J. Polychroniou tackles these questions in an interview with the independent French-Greek journalist Alexandra Boutri.
Alexandra Boutri: In a recently published essay, you argue that the Left should endorse a new vision of globalization and fight accordingly for a new world order. Can you briefly spell out the pitfalls of neoliberal globalization and why the current world order is a failure?
C. J. Polychroniou: The first thing that stands out about neoliberal globalization is that it has led to an extremely high degree of economic inequality by altering patterns of income distribution and resource allocation while at the same time undermining economic and social rights. As Miatta Fahnbulleh put it a few years back in an essay that appeared in Foreign Affairs, the system “is not working in the interest of the majority of people.” The actual record of neoliberal globalization on economic growth has also been quite dismal, with postwar “managed capitalism” outperforming the neoliberal model on every count. On top of that, under the form of globalization prescribed by neoliberalism “the average global temperature has risen relentlessly,” as Robert Pollin has pointed out. Neoliberal globalization has been bad for people and the environment alike.
Trump’s domestic agenda is the most neoliberal since the onset of neoliberalism.
As far as the current world order is concerned, it would be hilarious if it weren’t so tragic. We have a world in permanent crisis literally since the end of the Second World War, with the nuclear sword of Damocles hanging over humanity’s head. The Doomsday Clock is now closer than ever to midnight. The current war in Ukraine, the annihilation of Palestinians in Gaza and the seizing of land in the occupied West Bank by violent religious extremists under the protection of the Israeli army speak volumes of the dramatic failure of the United Nations and the so-called international community. There is no lawful world order. International law only applies when it suits the strong.
Alexandra Boutri: Has neoliberalism’s model of globalization run its course?
C. J. Polychroniou: The current system has been in a terminal state since the outbreak of the global financial crisis of 2007-08. The resurgence of right-wing nationalism across the globe is interrelated to the profound contradictions built specifically into the neoliberal version of globalization. The backlash against globalism by the likes of U.S. President Donald Trump and his MAGA faction needs to be understood in connection with the changes that are occurring in the world economy. Trump is using protectionism as a means of altering the global supply chain in favor of U.S. production and imposing tariffs to reduce the U.S. trade deficit but is simultaneously unleashing the most vicious form of neoliberalism inside the country. He is attending to the mythology of American Exceptionalism and Manifest Destiny by trying to reassert the dominance of the United States in the world economy while destroying functioning government as part of a plan to axe safety-net programs and letting corporations run roughshod over labor. Trump’s domestic agenda is the most neoliberal since the onset of neoliberalism. It constitutes an open war against working people and social rights, against the poor and the environment. It’s all about making the rich richer and the poor poorer. It’s a domestic agenda based on the politics of astonishing greed and shocking cruelty. Trump’s election therefore does not mean the end of neoliberalism or of globalism.
Alexandra Boutri: Free trade or protectionism? Is this an actual choice for the Left?
C. J. Polychroniou: It depends on what one means by the “left.” You have left-wing liberals, social democrats, left-wing socialists, communists, and anarchists. Left with capital L tends in some circles to refer to the anti-capitalist, socialist-communist-anarchist camp. Personally, I don’t consider the Democrats in the United States or the Social Democrats in Europe as part of the Left. Their loyalty is to capitalism. Hence, they are not agents of transformational change. They want to maintain the existing socioeconomic system but with some modifications in place to make it less disagreeable. The social democratic tale was about capitalism with a human face. It was a popular political program for the first few decades after the end of the Second World War, and it was of course an improvement over laisses faire capitalism and a bourgeois state that catered exclusively to the interests of the capitalist class. Nonetheless, we should be reminded of an old radical dictum: There cannot be democracy, social justice, and equality as long as power belongs to capital.
It may have taken voters quite a long time to realize that the parties of the establishment left had sold out to global capitalism, but when they did, the consequences were cataclysmic in their impact.
The debate regarding free trade versus protectionism is as old as political economy. For what it’s worth, Karl Marx and Friedrich Engels confronted this issue back in the 1840s, in the struggles over the Corn Laws. Marx saw free trade for what it is—i.e., “freedom of capital,” and mocked the claim of free-traders that the absence of tariff barriers would abolish the antagonism among classes. But this does not mean that Marx took the side of protectionism, which he saw as a system to defend the status quo. Thus, as he put it, “One may declare oneself an enemy of the constitutional regime without declaring oneself a friend of the ancient regime.”
Interestingly enough, though, Marx ends up in the end endorsing free trade but purely on political grounds because he saw the free trade system as accelerating the prospects of radical change.
The goal of the Left is to move beyond capitalism by constructing an equitable and sustainable economy and a just world order. Rudolf Hilferding, in his book Finance Capital, published more than a century ago, wrote: "The proletariat avoids the bourgeois dilemma—protectionism or free trade—with a solution of its own; neither protectionism nor free trade, but socialism, the organization of production, the conscious control of the economy not by and for the benefit of the capitalist magnates but by and for society as a whole."
Alexandra Boutri: Until recently, antiglobalization was exclusively associated with parties and movements of the Left. However, internationalism has historically been a core component of the Left’s ideological worldview. What happened to Left internationalism but also to social democratic parties whose collapse coincides with the collapse of the antiglobalization movement and the emergence of right-wing antiglobalism?
C. J. Polychroniou: The antiglobalization movement came to life in the 1990s and peaked during the early 2000s. It was inspired mainly by so-called far-left ideologies which saw free trade agreements, multinational corporations, and international economic organizations such as the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank promoting a new version of colonialism. During those years, millions of people turned out across the world to raise their voice against global corporate power. Center-left and reformist left parties in general did not join the protests against global capitalist expansion for the simple reason that they had embraced neoliberalism and were being showered in turn by campaign cash from big corporations and the financial sector. In a word, they had betrayed the working class in the same manner that the socialist parties had betrayed internationalism in 1914 at the start of the First World War.
The history of European social democracy may be summarized as follows: a period of rather impressive achievements on the social, political, and economic fronts during the first few decades following the end of the Second World, which were made possible because of the role of different actors in the emergence of a social democratic consensus, and capitulation to neoliberal capitalism in the latter part of the 20th century, especially after the end of an era where you had leaders like Willy Brandt in Germany, Bruno Kreisky in Austria, and Olof Palme in Sweden who were undeniably dedicated to the struggle for social justice and economic democracy. The leaders that came after them across the European continent took the position that Keynesian economics no longer had applicability in the new world economic order that had emerged following the collapse of the Bretton Woods system and that fiscal orthodoxy was the way to go. In the 1980s, the so-called socialist governments of Francois Mitterrand in France, Bettino Craxi in Italy, Felipe González in Spain, and Andreas Papandreou in Greece not only failed to carry out even the minimal set of promises they had made to voters during the pre-electoral period, but their economic programs followed the neoliberal prescriptions proposed by the IMF and the World Bank.
The antiglobalization movement of the 1990s was associated with far-left politics and was attacked as such by mainstream media and the establishment parties across the political spectrum. In the eyes of many citizens across Europe, the “left” was still represented by social democratic and socialist parties. It may have taken voters quite a long time to realize that the parties of the establishment left had sold out to global capitalism, but when they did, the consequences were cataclysmic in their impact.
In 2000, 10 out of 15 countries in the European Union still had social democratic or socialist parties in government even though they had abandoned all the traditional social democratic ideas and policies. Nearing the end of the second decade of the new millennium, we could find social democratic parties in government in only two countries in Europe. Even the euro crisis did not help the parties of the traditional left to make a comeback. What was happening instead is that far-right parties were gaining ground across Europe and around the world. The far-right was reinventing itself with a backlash against globalism. The European far-right even adapted the language of the left to its own ends. Of course, it succeeded in doing this by taking advantage of the betrayal of center-left parties as well as of the left’s fractiousness and disunity—issues that have long plagued the left worldwide. Defeating the far-right is, of course, of paramount importance for the future of democracy and of the Left.
The history of Left internationalism is too long and complex to discuss here. Suffice to say, though, that it has both positive and negative aspects. The Second International betrayed the cause of socialism. The Third International, which was created by Vladimir Lenin and Leon Trotsky in 1919, was a powerful force toward world revolution, a major step toward world socialism. However, under Josef Stalin, it became purely an instrument of Soviet state policy to advance the Stalinist view of “socialism in one country.” And the Red Lord officially dissolved the Third International in 1943.
It's hard to revive Left internationalism when the left is fractured and there is so much confusion about what the left even represents in today’s world. Of course, there is a plethora of progressive social movements at the forefront for social change, but the return of Left internationalism inspired by the vision of socialism needs a dramatic turnaround on the global ideological and political landscape.
In the postwar era, Cuban internationalism stands virtually alone as an alternative form of globalization. Still, the Left needs a new internationalism that combines solidarity and the quest for social justice and equality with a global climate change policy. The latter is by far the most important issue facing humanity in the 21st century, and nothing would be of greater importance than if the new Left internationalism was built around taking on the greatest challenge of our times—i.e., preventing Earth from becoming unlivable.
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The Left Needs a New Globalization Vision to Counter the Far-Right Surge
The way out of neoliberal globalization is by developing a new globalization that is democratic and free from the destructive tendencies of capitalist accumulation.
May 24, 2025
The left is in shambles everywhere while hard-right and far-right parties are riding high in polls across the world. I contend that globalization is at the heart of these developments, and thus it is critical that the left comes to terms with what has gone wrong with its approach to neoliberal globalization and develops in turn an alternative vision of world order.
Globalization came to be a dominant force in our lives sometime around the 1980s. It coincided with the rise of neoliberalism, although globalization is not a 20th-century phenomenon. The 19th century contained a huge burst of globalization. In fact, between 1850 and 1913, the world economy was probably as open as it became in the late 20th century. Tariffs fell, free trade agreements proliferated, trade flows skyrocketed, information flows accelerated, and migrants flowed to all corners of the globe. Neither Europe nor the U.S. had any restrictions on migration. In the U.S., no visas or passports were even needed to enter the country.
That wave of globalization was interrupted because of World War I, and the next wave of globalization did not occur until the early 1980s. In many ways, the new wave of capitalist globalization was more intense than the one that had preceded it as it was characterized by massive financial deregulation and the acceleration of capital flows while trade integration became more rapid than ever. By the 1990s, the new wave of globalization had reached such heights that the world was increasingly becoming a global village. Let’s call it the neoliberal hyper-globalization wave.
The problem with the reformist left vis-à-vis neoliberal globalization remains. That is, it advances a critique of the consequences of capitalist globalization but seems to accept the phenomenon as inevitable and unalterable.
However, there was one huge qualitative difference between the 19th-century and the late 20th-century waves of globalization. While capital movements exploded during the late 20th-century wave of globalization and multinationals moved across the world in search of cheaper labor, labor migration was severely restricted. In contrast, migration became truly globalized in the late 19th century. And the late 20th-century wave of globalization, which was supposed to produce unrivaled benefits for all, also had another dark side: While it was not openly imperialistic as the 19th-century wave of globalization, it was based nonetheless on highly exploitative structures that were not much different from those of colonialism. After all, capitalism has always nurtured dependence, inequality, and exploitation.
Under the neoliberal hyper-globalization wave, the Global North took advantage of the weakness of the Global South by trapping millions of its workers in a relentless cycle of exploitation while offshoring had dramatic impacts on the standard of living of average citizens back in the Global North as well-paid industrial jobs became few and far in between, wages stagnated, and the social safety net was torn apart, partly because of less government revenues due to neoliberal tax cuts for corporations and the rich and partly on account of simple ideological reasoning. Austerity for the masses but subsidies, tax breaks, and bailouts for industry and the financial sector is a central aspect of the ideological agenda of neoliberalism. And while some developing nations did benefit from the great connectivity in the global economy that has been unleashed since the early 1980s, it is primarily the elites in the Global South, as much as it is in the Global North, that gained the most from the neoliberal hyper-globalization wave.
Enter politics.
By the late 1990s, grievances over the direction of the capitalist world economy united people to demand change and an anti-globalization movement surfaced across the globe, protesting specifically against the neoliberal hyper-globalization wave. Protests and demonstrations against the World Trade Organization, the World Bank, and the International Monetary Fund became a common feature of the anti-globalization movement across a large number of countries from 1995 to 2018. The anti-globalization movement was inspired by left-wing ideologies and was impressively transnational. Latin America’s anti-globalization movement was especially successful, resulting in support and eventually electoral victory for left-wing parties in scores of countries in the region. Indeed, a database on political institutions reveals that in the early 1990s, 64% of Latin American presidents came from a right-wing party. But a decade later, that number had shrunk to half.
The anti-globalization and anti-capitalist movement was no less prominent in Europe. In the summer of 2001, more than 300,000 people from all over Europe gathered in Genoa, Italy to voice their opposition to the G8 Group, while the Italian police unleashed violence of a dimension unknown up to that point in postwar Western Europe. In the spring of 2002, more than half a million people in Barcelona mobilized against the European Union Heads of State and Government under the banner against Capital and War.
The left is historically obligated to advance an alternative vision of a world order beyond capitalism.
The anti-globalization movement had come of age. The prospects for radical change had never looked more promising than they did during the first decade of the new millennium. The winds of change were still in the air in the second decade of the new millennium as the rise to power of the Coalition of the Radical Left (Syriza) party in Greece brought hope to leftist movements worldwide, although it was abundantly clear to anyone willing to pay close attention to Greek politics at the time that the leadership of the party had made a decision to switch its ideological profile from radicalism to pragmatism in anticipation of its coming to power.
There is indeed one impressive thing about the rapid and sweeping changes brought about by the neoliberal hyper-globalization wave, and that is none other than the fact that the world now spins faster. Extraordinary social, political, and ideological changes can happen from one decade to the next. And, lo and behold, by the end of the second decade of the new millennium, not only did the radical left critique of globalization lose its appeal for the working class and huge chunks of youth, but anti-globalism emerged as a major ideological tenet of the extreme right.
However, the backlash against globalism by hard-right and far-right parties was not based on a scathing critique of neoliberal capitalism but was seen instead as a political project advanced by Marxism and the radical left with the double aim of destroying national culture and replacing the nation-state with institutions of global governance. This is of course an evasion of what capitalist globalization is all about, but it would be naïve to think that the backlash against globalism by the far-right does not have socioeconomic roots. The anti-globalist sentiment that brought President Donald Trump to power in the United States and scores of other authoritarian political figures across the world is driven by both cultural and socioeconomic factors and is nurtured by the “us versus them” mentality. The far-right of course is not anti-systemic and in fact enjoys the support of digital moguls like Elon Musk. As such, it is fooling voters on the economy with promises of a new order. The far-right’s anti-globalism stance begins and ends with the imposition of draconian measures against immigration and the creation of a culture of cruelty.
The anti-globalism of the far-right is perverse and irrational, and thus it may speak volumes of the need of a widely and publicly educated citizenry to sustain democracy, but it also calls attention to the gross political failures of the reformist left parties that came to power during the height of the anti-globalization period. Indeed, while the contradictions of neoliberal globalization led to electoral victories of left parties in scores of countries across the world during the last couple of decades, the shift to global neoliberalism was not countered by the parties of the reformist left that came to power. They may have criticized neoliberal hyper-globalization while they were in opposition, but they did very little once they came to power to combat its destructive effects. At the very best, they increased spending on social programs but did not try to diminish the spread of globalization on their economies and societies. Subsequently, by failing to tame, let alone shrink, capitalist globalization, they quickly saw their political fortunes decline and found citizens changing sides. This is the principal factor that has activated a turn to the far-right across the globe, including the United States, although Trumpism also needs to be considered in light of the peculiar social, cultural, and ideological features of the country.
The problem with the reformist left vis-à-vis neoliberal globalization remains. That is, it advances a critique of the consequences of capitalist globalization but seems to accept the phenomenon as inevitable and unalterable. In doing so, it leaves the field open for far-right populists to make inroads with disgruntled voters by appealing to their worst instincts as in the case of immigration.
We also know that pressure “from below” to tame or even reverse neoliberal globalization, a view that was held by the main body of the anti-globalization movement of the 1990s and 2000s, is a flawed strategy. The way out of neoliberal globalization is by developing a new globalization that is free from the destructive tendencies of capitalist accumulation and operates through political processes in which democracy and globalization are in a symbiotic relationship and thus support and reinforce each other.
The left is historically obligated to advance an alternative vision of a world order beyond capitalism. A world order where the rights of labor are at the pinnacle of human society and thus the means of production are collectively owned by workers while the exploitation of nature is seen as injustice.
In sum, systemic change for ending neoliberal hyper-globalization is a prerequisite but such a project mandates anti-systemic consciousness and a comprehensive political program for a new world order. If the left fails to develop the courage to engage itself economically, politically, ideologically, and culturally in the making of an alternative world order, capitalist globalization will continue to reign supreme, and the far-right will be its main political beneficiary.
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The US Leads the Global Race to the Bottom—and Still Pretends to Be the Victim
Trump’s tariffs are not a departure from business as usual; they are an extension of it and will overwhelmingly benefit the world’s financial elite.
Apr 28, 2025
Global trade systems are not free, nor are they neutral. They were built to facilitate capital transfer and to transfer wealth upward—benefiting the rich while harming workers worldwide. This arrangement can feel too big, too abstract, and too disconnected from our experience. For these reasons, and as a sociologist across decades and schools, I have facilitated this race to the bottom activity to help students understand the problems inherent to our complex global reality.
In the Transnational Capital Auction: A Game of Survival simulation, students role play as leaders of countries with less wealth than GDP leading nation states. They are instructed that they rely on trade and economic development from wealthier countries such as the United States and powerful transnational corporations.
Capital flight occurs when transnational corporations move their factory or industry from one geographical area to another in order to seek better conditions for their bottom line, profits, or for shareholders. These moves highlight the antagonism between the working class and the owning class. For example, in the activity, teams gain points when they satisfy corporate demands: being lax on child labor laws and environmental regulations, maintaining a low minimum wage and corporate tax rate, and suppressing unionization of workers. This is not just a game with hypothetical conditions, it is a microcosm which echoes real-world socioeconomic and political dynamics.
Rather than denying our power and privilege in order to justify more bad behavior, we need to do our part to realign around policies that are internationally, socially, and environmentally sustainable.
We have seen this play out domestically and internationally. Sociologists have documented how corporations leave the United States to go to places more favorable to capital. For example, when an area develops unions, industry can flee to what it considers a safer space for business. In this way, capital for transnational corporations can accumulate faster when workers’ rights and environmental policy is lax. These conditions have led to countless deaths, especially among women and people of color, and have fueled global climate destabilization. These corporations are helped by policies and loopholes such as international tax havens like Nauru.
The human cost of this system is staggering. Body-catching nets were installed around Foxconn buildings because workers were unaliving themselves by jumping off their job site. Women, including mothers, leave their families and countries in order to work in other locations where the wages are higher.
The unjust arrangements are often complex by design. There are free trade zones or “special economic zones” in places like Jamaica, which allow companies to operate under a different set of laws than the rest of their country—sometimes with fewer worker protections. Meanwhile, local markets neglect or dispose of their natural resources because of the flux of imported goods dictated by trade agreements.
To be sure, the global working class harmed by these lopsided systems includes American workers who have lost their jobs, houses, and communities through capital flight. And yet, American consumers love the low prices these systems enable. The products we rely on—the food, the technology, the entertainment—these things are not created in a vacuum, and they are also not free. We have access to fast fashion and too soon obsolete technologies because people spend their lives working in conditions and receiving wages that we would consider un-American. Yet they are so very American.
The United States is no one’s victim. It helped create the race to the bottom and continues to benefit from its downward spiral. Trump’s narrative, justification, and chaotic enactment of tariffs are more than problematic. They are not a departure from business as usual, they are an extension of it and will overwhelmingly benefit the world’s financial elite.
Change is needed. The United States needs to reevaluate its relationship with itself and as part of a global community. We need reciprocal, resilient, and renewable structures in place. We will not get there by the same policies of violence, domination, and extraction that got us to the asymmetrical and disproportionate power that we have now. Rather than denying our power and privilege in order to justify more bad behavior, we need to do our part to realign around policies that are internationally, socially, and environmentally sustainable. We can all start by reflecting on our personal commodity chains, which tether us to global enterprise and its bottom rungs.
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