A central argument of this essay suggests that the truth of globalization is little known to the body politic as it is enmeshed in the dynamics of capitalist accumulation, avarice, and despotism. This project hopes to first locate, and then unmask the realities of globalization, warts and all. Gaining some knowledge of globalization, the discussion moves to reflect on how race and culture may be affected in the new era. Several questions propel this effort. Where is globalization located in the history and continuum of social, political, economic and cultural development? How can people define globalization? How is globalization reshaping the world and the nation? What are the implications for education in a globalized society? How might race and culture be impacted in a globalized environment? The study of globalization transcends many disciplines. As one who specializes in the political sociology of education and curriculum, the author typically draws from the social sciences, especially power analyses, focusing on knowledge selection (Apple, 1979, 1983) and knowledge sponsorship (Watkins, 2001). In this project the author employs the scholarship, literature, language, and analyses from political economy, modernization, development, and colonial theories. The aim is to offer a political economy of globalization and then move to social consequences. Because the literature is not widely known in the general academic or lay community, the author frequently offers background and definitional framework.