IF YOU CONSIDER THE QUESTION WHAT DO YOU COME UP WITH.
Globalization is everywhere on TV, on websites, learning journals, labour meeting rooms and in organization’s boardrooms. Remarkably, for so widely a used term, there does not appear to have a precisely agreed definition.
There can be no doubt that it is causing a shift away from democracy (rule by the people) and toward plutocracy (rule by the rich).
One of the frequently used definitions is that globalisation refers to the growing integration of societies across the world, it has taken many forms and it is difficult to discuss it in a general way.
HERE A FEW ATTEMPTS TO DEFINE IT.
Globalization can be defined as a procedure in which geographic distance is a diminishing factor in the formation and sustentation of international economic, political and cultural relations….
Globalization is “the integration of states through increasing contact, communication and trade to create a holistic, single global system in which the process of change increasingly binds people together in a common fate”
Globalization can be defined as the ability to produce goods or services anywhere in the world using capital, technology and components from anywhere and to sell the output anywhere and place the profits anywhere”
Globalization is a confusing concept. For some it conjures up images of electronic communications: an email, global media, and popularization of mobile phones. For others it is about trade: the ability to buy coca-cola in rural villages in Africa. For yet others it is about misappropriation and greed: the suicide of Indian peasant farmers ruined by agribusiness and genetically modified seeds.
Globalization is the massive control of the world’s economy by big business, this control transcends the boundaries of state and country. This transcendence across countries makes the subunits of the economy decompose and depend on the larger companies with a controlling interest in most of the capital within a given economy.
Globalization with its policies of free trade, financial liberalization, deregulation, reduced government spending, and privatization concentrate wealth at the top to the people who already have it. These policies affect local governments and communities because they don’t have the tools to “ensure equity and to protect workers, social services, the environment, and sustainable livelihoods. Also, the institution that were created by globalization, like the World Bank and International Monetary Fund, increases inequality between nations and increase poverty.
When a policy decision might only advance the extreme nationalist’s nation only slightly, even though it may cause extreme suffering in another part of the world, the extreme nationalist supports it as national interests come first. The extreme cosmopolitan feels that when there is a conflict between national and human needs the needs of humanity come first. This person feels that “patriotism is not a virtue and loyalty to one’s country is valuable only insofar as it promotes the interests of humanity”
Capitalism is not one economic system but many. “There are different ways to organise capitalism. Free-market capitalism is only one of them – and not a very good one at that. There is no one ideal model.” This is clearly right, but the types of capitalism that exist today are not just different. They are also competitors, with conflicting needs and goals. Chinese capitalism, Russian capitalism, Indian capitalism and American capitalism are geopolitical rivals as much as they are different ways of organising the marketplace, and they threaten one another in a number of contexts – not least when they are struggling to secure control of scarce natural resources. Many of the world’s conflicts are driven by these geopolitical rivalries. The new soldiers in this war are Sovereign Wealth FUNDS.
“The meaning of life: something that no one really knows. Besides, there’s not much point in being the richest man in the cemetery” (Peter Ustinov)
There is only one solution to making the distribution of wealth in this Globalized World so that it is shared by all. No wealth tax will work because it cannot be applied on a fair and even bases. So we are left with a global aid commission of 0.05% ON ALL FOREIGN CURRENCY TRANSACTIONS WORLD WIDE this would be a simple and fair implementation of global opinion.