A Marxist understanding of the ills of capitalism is applicable to 21st -century capitalism. Motivated by surpluses, capitalism become global in its endeavour of outsourcing production and capital labour substitution. As a result, the capitalist core established an exploitative relationship with the developing and under-developed third world countries. In order to protect their interests and to keep the antagonistic feelings below the threshold, the bourgeoisie elite utilized every tool available to strengthen their control over the resources, maintained their hegemony and absorb counter-hegemonic ideas. The article is an attempt to understand the Marxist interpretation of capitalism and debate in its relevance to 21st -century international politics. With the help of the Iraq war, the article concludes that Marxism and Marxist inspired theoretical interpretation is the best lens to explain the operation of capitalism at the world stage.
India is arming and modernizing its military with its land forces receiving equipment in an unprecedented manner while its navy is growingly becoming a blue water navy capable of projecting power way beyond its shores and is rapidly arming its air force to become a strategic force capable of playing an independent role. The international environment is favourable for India, which is further adding impetus towards indigenization and modernization of Indian defence and military capabilities while providing an opportunity for the economy to flourish even more. The paper is an endeavour to analyze, assess, predict and prescribe the potential upshots and outcomes of indigenization, local and licensed manufacturing and joint ventures initiated by India in defence and military sectors – and the likelihood of such choices and actions in becoming a vital strategic and security concern for Pakistan.
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