Discusses Karl Marx’s capitalism theory in the context of globalization, using Weber’s theory as a comparison.
Marx’s theory of capitalist society offers a better overall framework for understanding the processes of `globalization` discussed by Hoogvelt than does Weber’s conception of the spirit of capitalism. Discuss the above proposition to show how Marx’s theory might be used to develop a deeper understanding of `globalization` and its fundamental causes, as well as to show how Weber’s theory is or is not useful for the same purposes.