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New meanings of Panafricanism in the era of globalisation

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<strong>in</strong>formation society <strong>the</strong>sis à la Castells (1997) to orthodox Marxist <strong>the</strong>ories <strong>of</strong><br />

“ov<strong>era</strong>ccumulation” (Bond 2001:4-10).<br />

Although I assume that as a concept, or at very least as a gen<strong>era</strong>lised notion, <strong>the</strong> term<br />

“<strong>globalisation</strong>” does not require elaboration, I should like to list those aspects <strong>of</strong> <strong>the</strong><br />

phenomenon that are most relevant to <strong>the</strong> purpose <strong>of</strong> this address. To beg<strong>in</strong> at <strong>the</strong><br />

economic level, it is essential that we state clearly that <strong>the</strong> capitalist mode <strong>of</strong> production<br />

as described classically first by Ricardo and subsequently ref<strong>in</strong>ed <strong>in</strong> decisive ways by<br />

Marx and Engels has not changed at all. This mode <strong>of</strong> production refers to <strong>the</strong> collective<br />

production <strong>of</strong> use values (“goods”) by <strong>in</strong>dividuals who, <strong>in</strong> return for wages, sell <strong>the</strong>ir<br />

labour power to a class <strong>of</strong> people, who own <strong>the</strong> means <strong>of</strong> production, and who <strong>in</strong> turn, as<br />

<strong>the</strong> private owners <strong>of</strong> <strong>the</strong> labour power sold to <strong>the</strong>m appropriate surplus value (<strong>the</strong><br />

difference between <strong>the</strong> price <strong>of</strong> labour and <strong>the</strong> total (exchange) value <strong>of</strong> <strong>the</strong> “socially<br />

necessary” labour <strong>in</strong>putted <strong>in</strong> <strong>the</strong> product (commodity). In spite <strong>of</strong> <strong>the</strong> many technical<br />

permutations that have evolved dur<strong>in</strong>g <strong>the</strong> last century <strong>in</strong> particular, this is <strong>the</strong> generic<br />

mode <strong>of</strong> produc<strong>in</strong>g pr<strong>of</strong>it, <strong>the</strong> ultimate aim <strong>of</strong> all capitalist enterprise. Globalisation, at<br />

this level, refers simply to <strong>the</strong> <strong>in</strong>creas<strong>in</strong>g <strong>in</strong>tegration <strong>of</strong> all economic and social<br />

formations <strong>in</strong>to <strong>the</strong> world capitalist economy, i.e., it has to do with <strong>the</strong> complexification -<br />

which is also an unprecedented simplification – <strong>of</strong> <strong>the</strong> capitalist system, viewed <strong>in</strong> its<br />

totality. This drive towards ever <strong>in</strong>creas<strong>in</strong>g <strong>in</strong>tegration is steered by <strong>the</strong> dom<strong>in</strong>ant<br />

economies <strong>of</strong> <strong>the</strong> tripolar world but especially by <strong>the</strong> USA. The governments <strong>of</strong> <strong>the</strong><br />

relevant countries, whatever else <strong>the</strong>y might be, are no less than <strong>the</strong> political<br />

representatives <strong>of</strong> <strong>the</strong> owners <strong>of</strong> <strong>the</strong> 200 or so major trans-national corporations <strong>in</strong> <strong>the</strong><br />

world, s<strong>in</strong>ce <strong>the</strong>se are <strong>the</strong> real drivers <strong>of</strong> <strong>the</strong>se processes.<br />

The neo-lib<strong>era</strong>l economic orthodoxy, which <strong>in</strong>forms virtually every macro-, meso- and<br />

micro-economic environment on <strong>the</strong> globe has atta<strong>in</strong>ed <strong>the</strong> status <strong>of</strong> common sense. To<br />

quote a recent article by three South African analysts, we have as an abstract model<br />

… a lib<strong>era</strong>l political dispensation accompanied by a deregulated<br />

market economy with m<strong>in</strong>imal state/government <strong>in</strong>tervention as <strong>the</strong><br />

norm for countries <strong>in</strong>tent on engag<strong>in</strong>g with <strong>the</strong> global economy.<br />

5

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