After the collapse of the Soviet Union, the capitalist bloc felt free to have greater control over the world. Pseudo-intellectuals like Fukuyama announced that the history has come to an end by the victory of free market forces. IMF and WB intellectuals conceived new terminology to disguise the old carnivorous face of capitalism. The Third world intellegentsia accepted it as a boon.
Globalization is marred with uneven access and opportunities.
It is foolish to think that with the revolution in information technology, rivers of honey and milk will flow under the feet of Third world people. The developed countries and their corporations could not let the poor world progress and be on a par with them. With the shrinkage of time and space, globalization has offered nothing but inequality and unevenness in the so-called free market. It was heartening for Third World that there are also people in the rich world who understand their problems. We got rid of them in August 1947.