The one and only long term advantage to a global economy …

…is to enable a small group of people representing capital to extract additional profit by exploiting economic dislocations.

I realize that statement may not make any sense at all. So as an example, neoliberals will claim that globalism raises living standards in third world nations do their middle class can grow. Yes, it is true that when jobs are outsourced to India from America the Indian community where the jobs go will flourish, and the American community that lost the jobs will become depressed. But the second part of that is while the standards of living in that Indian community rise, the income that is earned is based on “nonproductive labor”. That’s my own term and it means jobs that people do which provide little or no sustainable economic benefit. For example, tech support people in India are earning money but they ar building nothing of substance for their community or for the world.   The chinese teen is making beads for Mardi Gras revelers to throw at women with exposed bosoms.  Not a lot of future in that.  And not how I wish to use the precious resources we have remaining on earth.

Additionally, if you look at how the income is being distributed, the countries hat seem to benefit in the short term actually end up creating greater economic disparity. This is hidden in the early stages because everyone gets to get a little, and for most that’s a lot. But eventually you see incredible vulgarity and consumerism and a growth of an economic overclass. How that functions for society is a subject of great debate amongst us.


soon to be richest man in the world
http://www.luxist.com/2010/09/13/indian-billionaire-to-… /


Globalism of capital without a parallel globalosm of human rights was one of the great schemes launched successfully by the neoliberal cabal in America and london.


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