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Confronting the Privatization and Commercialization of Academic Research: An Analysis of Social Implications at the Local, National, and Global Levels

In the current era of capitalist hegemony, the term “globalization” has become synonymous with the global dominance of private market economies. Though concepts of “internationalism” have long been associated with the political Left, the possibilities of a progressive vision of globalization are currently overshadowed by the deepening of private market policies in existing capitalist economies and the expansion of capitalism to former socialist countries and to developing countries throughout the world. This phenomenon has affected all societal institutions through governmental implementation of privatization policies and deregulation; through the power of global financial institutions—such as the World Bank and the International Monetary Fund—to impose loan conditions that require governments to adopt policies that promote private markets; and through multilateral trade agreements that favor transnational corporations (TNCs) in their pursuit of increased capital mobility and market expansion. This article addresses the impact of privatization on universities in the United States, focusing, in particular, on the effects on the university mission and academic research in the life sciences. Both public and private nonprofit universities have been affected by public policies of privatization, leading to