We are facing a new task. That is, how the social movement must confront a new capitalist world order formed by the globalization of capital movement. Such a globalization is composed of the international accumulation regime of capital, global integration of the market and international communication, with the help of the development of information-communication technology. The problem is that this globalization of capital movement is breaking off the social regulatory mechanism, which was established through the social and class struggle within the terrain of a nation-state boundary, and is including all the former fragmented areas into the global free market. In this process, poor countries of the Third World are hurt by its sharp blade. When the external attack and internal structural problems became united, many of these countries rushed to IMF bailout. Here, we see the possibility of the unregulated international capital dictatorship without any public regulatory mechanism. The most apparent phenomenon of the globalization of capital movement is the `violent’ and destructive movement of the global ® nancial capital. The violence of such a movement is making speculativeness as an inherent characteristic of capitalism more serious. Such concepts as `casino’ or `Rambo’ capitalism are catching a violent aspect of contemporary capitalism. This kind of change can be de® ned as transformation and reorganization of the former domination of capital by way of the globalization of capital movement. We are confronted with the necessity for a new reorganization of opposition in this kind of reorganization of the domination. Domestically speaking, South Korean society is in the process of democratic transition (Cho and Kim 1998), which can be de® ned as a reorganization and transformation of the political domination from a dictatorial one to the so-called l̀ow-intensity democracy’ (Graf 1995). In this sense, we have two tasks at hand. On the one hand, domestic reorganization of domination, and on the other, global reorganization of capital’s domination.
[1]
Akhtar Mahmood.
The Globalisation of Poverty: Impacts of IMF and World Bank Reforms
,
2000
.
[2]
Eun Mee Kim,et al.
State Autonomy and Its Social Conditions for Economic Development in South Korea and Taiwan
,
1998
.
[3]
L. Taylor.
The Revival of the Liberal Creed: The IMF and the World Bank in a Globalized Economy
,
1997
.
[4]
P. Burnham.
Globalisation: states, markets and class relations
,
1997
.
[5]
W. Graf.
The State in the Third World
,
1995
.
[6]
A. Dirlik.
After the Revolution: Waking to Global Capitalism
,
1994
.
[7]
G. Arrighi.
The Long Twentieth Century
,
1994
.
[8]
B. Jessop.
The transition to post-Fordism and the Schumpeterian workfare state
,
1994
.
[9]
J. Tobin.
A Proposal for International Monetary Reform
,
1978
.
[10]
D. Freney.
The State in the Third World
,
1975
.