On the Threshold of the Third Globalization: Why Liberal Capitalism Might Fail?

Abstract

The paper contrast three periods of globalization: the Roman-led one of the 2nd-4th century, the British-led one of the 19th century, and the current one led the United States. Each of them not only had a hegemon country but was associated with a specific ideology. However, in reaction to the dominant ideology and the effects of globalization (cultural domination, increasing awareness of ecoonomic inequities) an alternative ideology (in the first case, Christianity, in the second, Communism) sprang up. The alternative ideology uses the technological means supplied by the globalizers to subvert or attack the dominant ideological paradigm.

Keywords: Globalization, inequality

JEL Classification: N00