How does communism address the issue of economic globalization?

Communism, as an economic and political ideology, approaches the issue of economic globalization in a distinct manner. In a communist system, the primary goal is to establish a classless society where the means of production are collectively owned and controlled by the community as a whole. Therefore, the concept of economic globalization, which involves the integration of economies and the free flow of goods, services, and capital across borders, is fundamentally at odds with the principles of communism.

Communism advocates for self-sufficiency and the elimination of private ownership and profit-driven motives. It emphasizes the importance of central planning and state control over the economy, aiming to prioritize the needs of the entire society rather than individual profit. Consequently, economic globalization, which promotes market competition, private ownership, and international trade, is seen as a threat to the communist system.

In a communist society, the focus is on achieving economic equality and social justice within the boundaries of the nation-state. The emphasis is placed on meeting the basic needs of all citizens, such as healthcare, education, and housing, through a planned economy. This often involves the implementation of protectionist policies, such as trade barriers and restrictions on foreign investment, to shield the domestic economy from external influences.

Communism views economic globalization as a manifestation of capitalist exploitation and imperialism, where powerful nations and multinational corporations exploit weaker economies for their own benefit. It argues that globalization perpetuates inequality, as it tends to concentrate wealth and power in the hands of a few, while leaving the majority of the population marginalized.

Therefore, communism typically opposes economic globalization and instead promotes self-reliance, national sovereignty, and the establishment of socialist economic systems. It seeks to create a closed economic system that prioritizes the welfare of the working class and aims to eliminate the disparities caused by global economic integration.