His explanation of the rise of capitalism placed the

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Unformatted text preview: m is integral to the process of capital accumulation. For example, the current socioeconomic conditions of Latinos and other racialized populations can be traced to the relentless emergence of the global economy and recent economic policies of expansion, such as the North American Free Trade Agreement (NAFTA). A recent United Nations report by the International Labor Organization confirms the negative impact of globalization on racialized populations. By the end of 1998, it was projected that one billion workers would be unemployed. The people of Africa, China, and Latin America have been most affected by the current restructuring of capitalist development.12 This phenomenon of racialized capitalism is directly linked to the abusive corporations as Coca Cola, Walmart, Disney, Ford Motor Company, and General Motors. In a recent speech on “global economic apartheid,” John Cavanagh,13 co-executive director of the Institute for Policy Studies in Washington, D.C., comments on the practices of the Ford Motor Co...
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This document was uploaded on 03/26/2014.

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