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Originally posted by ImaginaryReality1984
However the banking system is i believe necessary for a global economy.
There are no new multilateral negotiations of any serious nature being conducted anywhere. The situation is very serious if, like me, believe in the bicycle theory, which says you either move forward or you fall over.
There is no doubt that the anti-globalization forces now are in the ascendancy, at least on the policy front, and that it is particularly paradoxical and particularly worrisome that such is the case when the world economy, and particularly the U.S. economy, is in such good shape.
A second part of the response has to be an honest recognition and admission that there are costs and losers. For too long, those of us on the pro-globalization side tried to ignore and deny this fact-but it clearly must be accepted and admitted. It follows from standard economic theory, and it follows from looking out the window and seeing the impact within many of our countries. This, in turn, means that something needs to be done to help deal with the costs and those who are losers. In broad terms, it requires better social safety nets in many of our countries and programs that will help the adjustment to dislocation, whether caused by globalization or other interrelated forces.
Originally posted by ImaginaryReality1984
So yes a global economy is most certainly a good thing.
We know that globalization does increase income and social disparities within countries. We know that globalization does leave some countries and certainly some groups of people behind.
Originally posted by ImaginaryReality1984
Quite simply a global economy has both benefits and terrible negaitves but only because of the current system. Benefits include increased standards of living for those in developing nations. Without a global economy no nation which is poor could ever hope to strive for improvement. A global economy gives them the opportunity.Slave shops as some peopel so ignorantly call them are actually better than the alternate jobs they had.
Originally posted by Illusionsaregrander
Well that was certainly a thoughtful and considered response. How do you see globalization working to raise the standards of living for peoples around the world?
Especially when those same guys, in the article you declined to read, say this;
www.iie.com...
We know that globalization does increase income and social disparities within countries. We know that globalization does leave some countries and certainly some groups of people behind.
Originally posted by Illusionsaregrander
While I may hope that someday people around the world can all enjoy a better quality of life, and you may have that agenda, that is clearly NOT the agenda of the people pushing economic globalization.
Originally posted by Illusionsaregrander
If you actually care to do more than make off the cuff statements that are likely backed by quite honest good intentions, I suggest you move past the propaganda for globalization, (raising the standard of living in the third world) and into a real intellectual examination of both the motives, and competence of the people selling you this propaganda.
Originally posted by Illusionsaregrander
Its not their intent to spread wealth and resources and standards of living more equitably. The only standard of living they are interested in is their own. The fact that some others will enjoy an increase in standard of living is incidental. Many will not. MOST will not. And there are good arguments that complex systems are inherently more unstable if you care to do some small reading in the area, as well as some historical examples ( the book "Collapse" by Jared Diamond gives an interesting one) if you cared to look at those too.
Originally posted by Illusionsaregrander
These are not world governments, acting on behalf of their people, these are self interested individuals manipulating both governments and the worlds people on their own behalf.
Originally posted by Illusionsaregrander
And you should support those statements. Because most of the data I have seen does NOT indicate that moving from agriculture into sweat shop conditions is much of an improvement of their circumstances. Not in terms of hours worked per day, nor in terms of happiness.
Originally posted by Illusionsaregrander
Another question I have, is if you think it is a bad system, how are you so sure the banking end is the only problem? Perhaps you could outline your thinking on this.
Originally posted by ImaginaryReality1984
I would say the article is terribly biased.
C. Fred Bergsten (born 1941) is an American economist, author, and political adviser. He has served as Assistant Secretary for International Affairs at the U.S. Treasury Department and has been director of the Peterson Institute for International Economics, formerly the Institute for International Economics, since its foundation in 1981.
Originally posted by ImaginaryReality1984
I would point to countries that had no chance of ever escaping their current situation without a global economy being present, like India, China and numerous others.
In September 1999, Bechtel signed a contract with Hugo Banzer, the elected president and former dictator of Bolivia, to privatize the water supply in Bolivia's 3rd-largest city, Cochabamba. The contract was officially awarded to a company named Aguas del Tunari, a consortium in which Bechtel held a 27.5 percent interest. Shortly thereafter, claims surfaced that water rates in that city went up an average of about 50 percent.[5] Both of these actions resulted in the Cochabamba protests of 2000. Many had to withdraw their children from school and stop using doctors because of higher costs for water. Martial law was declared, and Bolivian police killed at least 6 people and injured over 170 protesters. Amidst Bolivia's nationwide economic collapse and growing national unrest over the state of the economy, the Bolivian government withdrew the water contract.
In 2001, Bechtel filed suit against the Bolivian government, citing damages of more for $25 million. Bechtel argues that its contract was only to administer the water system, which suffered from terrible internal corruption and poor service, and that the local government raised water prices. The continuing legal battle attracted attention from anti-globalization and anti-capitalist groups. This topic is explored in the 2003 documentary film The Corporation and on Bechtel's website. In January 2006, Bechtel and the other international partners settled the lawsuit against the Bolivian government for a reported two bolivianos, after intense protests that followed a ruling on jurisdiction favorable to Bechtel by the secretive International Centre for the Settlement of Investment Disputes.[6]
Originally posted by ImaginaryReality1984
We must be careful in our agreement to not promote equal socialism while encouraging increased standards of living and minimum standards of treatment. That's a fine line.
Originally posted by ImaginaryReality1984
I do however recognis that despite the profit driven motives they can and do increase the living of those involved.
Originally posted by ImaginaryReality1984
It basically comes down to some poor individual being forced to work 16 hours in a factory with minimal breaks and working 18 hours in a field with no breaks under heavy physical labour. Neither is good but one is better than he other. And at least the other will give them the funds to put their children through school.
Originally posted by ImaginaryReality1984
That book is horrible biased and i have read it, even the title gives away the agenda.
Originally posted by ImaginaryReality1984
If the government is corrupt it's difficult to change.
Originally posted by ImaginaryReality1984
In fact if you look at the life expectancy of all developing nations you will find increasing life expectancy of most groups and that shows globalisation works.
Originally posted by ImaginaryReality1984
Abolutely and without argument and it saddens me to see it. But don't assume that just because someone defends globalisation that they are ignorant of such things.
Originally posted by ImaginaryReality1984
If they didn't then they wouldn't fill the jobs!
Originally posted by Illusionsaregrander
Laws are for the little people. The truth is, if you can break the law in a big way, (make enough money to buy influence) you can legitimize anything. Murder. Drugs. Theft. Genocide.
As long as your crimes are directed at the innocent, and not at other criminals who can also buy influence and legitimize their crimes. That, might get you in trouble.