“Globalization. . . is not a serious idea. We, the Americans, invented it as a means for concealing our policy of economic penetration into other nations” (J. K. Galbraith, interview, Folha de São Paulo, October 2, 1997). Proclaiming that globalization implies an “epochal transformation” or that it is a “historical break” with the previous two centuries of the imperialist expansion of capitalism is at best a naive foolishness produced by a lack of historical information and analytical ability.

http://hmb.utoronto.ca/HMB303H/weekly_supp/week-08-09/Vilas_GlobalizationImperialism.pdf