Post-1970s globalization is continuous with earlier colonial expansion

Evidence

The third factor is our old friend “globalization.” Again, globalization is not new. European exploration, conquest, and colonization were early forms of the same secular, historical process. (Marx once called it “the formation of the world market.”) But since the 1970s, the process has assumed new forms while also being intensified (Held et al. 1999). Contemporary globalization is associated with the rise of new, deregulated financial markets, with global capital and currency flows large enough to destabilize medium-sized economies, transnational forms of production and consumption, the exponential growth of the new cultural industries and new information technologies, and the rise of “the knowledge economy.” Characteristic of this phase is time-space compression (Harvey 1989), which struggles—however incompletely—to cohere particular times, places, histories, and markets within a homogeneous, “global” space-time chronotope. It is also marked by the uneven disembedding of social relations and processes of detraditionalization (Giddens 1999) which are not restricted to developing societies. Western societies can no more defend themselves against these effects than societies of the periphery. — Stuart Hall, Essential Essays, Volume 2, 318

Categorization

• XREF: Globalization defined via Harvey’s time-space compression and Giddens’ detraditionalization, with the key claim that colonization was early globalization — directly connects to the colonial origins that downstream Islamophobia readings will invoke. — connects to: World market integration survived the 1970s-80s slumps without protectionist collapse — Alex Callinicos, Against Postmodernism: A Marxist…, 511; Fordist-Keynesian capitalism expanded globally to absorb de-colonized nations — David Harvey, The Condition of Postmodernity: An…, 784; Colonialism’s legacies persist long after colonial rule ends. — Nick Couldry & Ulises A. Mejias, The Costs of Connection: How Data Is…, 257 (+2 more)
• DEFINE: Defines contemporary globalization as a distinct post-1970s phase with specific mechanisms: deregulated finance, time-space compression, disembedding and detraditionalization.