Global capitalism has not only failed to eliminate or alleviate polarization, but has produced new polarization, which has intensified the original polarization to a considerable extent. Many left-wing scholars believe that the new international political and economic order brought about by global capitalism is a more unjust order, which leads to the unfair distribution of power, wealth, freedom and opportunity under the new conditions.

This new polarization is first and foremost an unbalanced development between rich and poor countries, between developed and developing countries, and between North and South.

Extended data

Financial capital pursues profits on a global scale. For example, private equity funds and hedge funds are typical financial capital. Although they may enter an industrial field of the real economy and stay there for a period of time, their main purpose is to accumulate monetary wealth through the financial system.

Traditionally, mergers and acquisitions of enterprises are mainly carried out by industrial capital, not financial capital. However, in the second half of the 20th century, with the rise of financial capitalism, private equity funds and hedge funds began to participate in cross-border M&A activities, and the proportion of cross-border M&A transactions they participated in rose rapidly.

Baidu encyclopedia-globalization of financial capitalism

Baidu encyclopedia-global capitalism