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Reply #40: Europe and the rest of the west had a century to develop and even they are struggling with globalism [View All]

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Go2Peace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 09:39 PM
Response to Reply #16
40. Europe and the rest of the west had a century to develop and even they are struggling with globalism
But developing countries are at a particular disadvantage.

But my comments are regarding our "current" model, which is tied to libertarian ideals of free markets. It strips countries of the tax base needed to create internal infrastructure and social programs. Many of these countries can't even begin to try and create an FDA or EPA.

This somewhat describes Russia, but they are not only "mishandling", they are "believing" the lies and following a script. They have been trying to pull together their justice system, police system, and other systems for years but they just don't have the money that it takes. The only thing that has been keeping their heads above water has been oil.

But I was mentioning in particular the disconnect between global marketplace inflation and wages. We don't notice it because here our prices are going down. But in these countries global competition puts intense inflationary pressure on food and necessities. A few benefit, but the distribution of wealth is way out of wack. And most of these populations are *not* better off. But that is not whate we hear in the media.

Of course things can get better, as they wake up and institute their *own* form of economy, like has happened in some places in South America, but international "globalism" is a HUGE failure because it is subjecting so many to mass suffering as it is currently implimented.
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