Capitalism explains how modern biopower works

Globalization of the world-economy has altered the ways in which bio-power is produced and implemented. Thus, also the rationalization of bodies has taken different forms and especially different scope in the global-age than during the development of modern capitalism. The bio-power of globalized world-economy overrides the nation-state as the primary determinant of the government of individualization and produces a new totalizing and individualizing global and globalized governmentality, which subjectifies individuals directly. What ties together the governmentality of modern capitalism and the governmentality of the globalized world economy is the underlying regime of truth, grounded in liberalist notions of the individual. The governmentality of the global capitalism ties the individual by the rationalization of the subject according to labor, capacities and innovation for the mass-production and mass-consumption processes. The liberalist ideology that is the grounds of neo-liberalist global governance of corporate capitalism is driven and institutionalized by a new transnational class, multilateral institutions and state managers (Axtman 1998, Rupert 1997). These institutions set global rules influencing national policy-making and aiming to construct a free-trade based world market system, which for some may seem, more a system of neo-constitutionalism (Gill 1995) or a system of bureaucratization that erodes national sovereignty in the face of corporate elites, and for the benefit of transnational capital (for discussion see; Rupert 1997).