The Impending Demise of Globalism; How It Will Cripple Corporate America

[Donnachaidh]

http://www.opednews.com/articles/The-Impending-Demise-of-Gl-by-michael-payne-110815-712.html

Globalism, which has enriched Corporate America, has been an absolute disaster for U.S. manufacturing and the American worker. But, as the saying goes, all good things must come to an end. So let's make an objective analysis and a prediction of how globalism, the darling of the free traders and transnational corporations, will cease to be the driving force of the world's commerce.

What exactly is globalism? Generally defined it is a "socio-economic system dedicated to free trade and free access to markets." It's an innovative form of international commerce whereby nations think of marketing with a world view rather than their own national view. Trade between nations has been going on for centuries but under globalism and the evolution of gigantic transnational corporations, it has become far more intensive and much more sophisticated.

Think of the monumental volume of products and raw materials that are exchanged day in and day out between nations via air transport and ocean shipping; the enormous trade that goes on between the U.S. and China and Japan, albeit most of the traffic is for exports to America rather than exports by America; the volume is staggering.

Yes globalism is doing quite well right now as multi-national corporations are raking in enormous profits. Corporate profits skyrocket while, at the same time, the lives of those who work for slave labor wages in China and other nations suffer greatly for their greedy masters, many headquartered in the U.S. In America, millions of workers who once earned decent wages in years past are collecting unemployment checks and searching for jobs that no longer exist.

More at the link --

[blindpig]

1. It will lead to a revival of nationalistic competition...

and we know where that led in 1914.

It's how the capitalist solve their problem of over-production.

[Waiting For Everyman]

2. It might be smart to stop doing the things that ruin us.

Not matter what "ism" it falls under.

National economies worked, this doesn't.

[The2ndWheel]

5. A global economy is really just a larger version of a national one

The problem with the current global economy is that there are too many individual governments, with too many differing rules and regulations. Government only functions when it's a monopoly. On the global scale, there is no such thing. We have global corporations/a global economy, but regional governments. Of course it's not going to work.

[Waiting For Everyman]

7. No it isn't, a "global economy" is a cross-border fat-skimming scam.

Unless you'd like to create a one-world government... of course that would work out well because we're having no problems with corporate control of government as it is. Great idea! Make the problem BIGGER. Yeah!

Make the problem bigger is the logic we've been working on ever since NAFTA.

[The2ndWheel]

8. Make the problem bigger is the logic we've been working on ever since

thousands and thousands of years ago. That's always been the solution to everything. National economies were a make the problem bigger solution as well.

[RC]

3. +1

[izquierdista]

4. The corporations won't be "crippled"

If a dinosaur like Wal-Mart can't adjust to the supply shocks, then a new corporation will slay the dragon and pick at their carcass. But given the business friendly laws in the U.S., it will be other corporations that come out on top and not a bunch of worker's cooperatives.

[Zorra]

6. I can't wait. nt