In sum, global investors do not want to bring development to the developing countries, any more than they brought it to Russia. What they want is the capital that already is in place. Their objective and historical role is not to create new capital. They want to levy monopoly charges on labor, not to employ it. They want to downsize their labor force, not exploit it to obtain surplus value.
Privatization thus goes hand in hand with globalization.
But governments are now being forced out of the picture. The world economy and its financial systems are being planned - but not by governments. It is being planned not by elected officials, nor by industrial engineers, but by financial engineers. Their interest is not to create new investment and employment, but to strip assets and downsize the labor force. This is a kind of exploitation that Marx did not emphasize.