End of History or the Beginning of Global Tyranny in Capitalism: A Re-Interpretation of the Imperial Sources


Abubakar Sadeeque Abba Ph.D., Izu Iroro Stephen & Suleiman Mohammed Basheer

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The task undertaken in this paper is an attempt to contextualize the invidious and seemingly invincible role being played by major political ‘capitals’ in the reification, deification, hence hegemonization of the capitalist ideology in the global economic system. This is done within the ambit of the demise of Soviet socialism, the infiltration of communist China by the mutability, adaptability and profitability of capitalist ethos; the opening up of revolutionary Cuba, the evocation of the Arab Spring which gutted the arch-priest of Jamahiriya in Libya, the ambitious but painful containment of the Korean peoples power and the collapsed of the system of economic commands and stage-management across the world. In this light, the paper tried to enquire into how the word ‘capital’ became the name given to states’ headquarters and how this reality has aided the dominance or hegemony of capitalism in the world. Employing the hegemonic stability theory and descriptive analysis method, the paper contends that the christening of states’ seats of power as capitals or capital cities was a subtle strategy of capitalism to deepen its roots. It however find out that this subtle hegemonization is not so much ‘the end of history’ as postulated by Francis Fukuyama than the beginning of time in diagnostic vicious cycle in global tyranny. It also established that the failure of Soviet socialism was not so much about the supremacy of capitalism or liberalism over socialism than the fact that Lenin’s impatience in not allowing capitalism to blossom to its peak before embarking on his Bolshevik revolution made mockery of Marxism – and made capitalism to topple socialism – but did not kill it. The paper recommends among others that states, especially the third world countries, should wake up to this subtlety and begin to put fences and wedges against its perniciousness and unbridled rapacity. These walls must necessarily lean toward protectionism to encourage the development of local resources for a sustainable growth

Political ‘Capitals’, Capitalism, Socialism, Hegemony, Tyranny

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