Not to mention the targeted austerity measures and "price and trade liberalization" imposed through neo-liberal globalization that decimate domestic economies! Price liberalization leads to hikes in the costs of fuel, water, electricity which means hikes in the production costs for most staple foods. Local producers cannot keep up with the price hikes in farm inputs (fertilizer etc.) and influx of cheap SUBSIDIZED foreign grain (thank you trade liberalization) so internal production collapses!
Globalization does NOT make things cheaper (for those in developing countries)! One of the first things the IMF/World Bank does is unify exchange rates by devaluing the national currency leading to the dollarization of prices. Commodity prices are elevated to their global market levels while no such modification is made to the labor market. So we have MORE EXPENSIVE commodities accompanied by a compression in real wages!
2+2=5 Keep saying that and eventually people will believe it. The price of pencils? What about the price of food? The price of water? The price of a house? The price of education?
@7anonimo1 "The vast majority benefits" from a race to the bottom in salaries and indiscriminate clear-cutting of trees so that the rich can make cheap pencils and sell them to kids in Brazil who don't have enough to eat.
JUST LOOK AT NAFTA COUNTRIES - THE SHINNING EXAMPLE OF GLOBALIZATION - AND HOW WELL WE ARE ALL DOING NOW COMPARED TO THE 80s!
Tell this to the 46 million people in the US now on food stamps. Or the unemployed. It doesn't help in reducing poverty, it only helps corporations in making more money by shipping jobs into countries where they can legally pay people 5 cents an hour. Globalization doesn't create competition, it creates monopolies - when they shut down small businesses.
Not to mention the targeted austerity measures and "price and trade liberalization" imposed through neo-liberal globalization that decimate domestic economies! Price liberalization leads to hikes in the costs of fuel, water, electricity which means hikes in the production costs for most staple foods. Local producers cannot keep up with the price hikes in farm inputs (fertilizer etc.) and influx of cheap SUBSIDIZED foreign grain (thank you trade liberalization) so internal production collapses!
SenseiMike3210 1 month ago
Globalization does NOT make things cheaper (for those in developing countries)! One of the first things the IMF/World Bank does is unify exchange rates by devaluing the national currency leading to the dollarization of prices. Commodity prices are elevated to their global market levels while no such modification is made to the labor market. So we have MORE EXPENSIVE commodities accompanied by a compression in real wages!
SenseiMike3210 1 month ago
2+2=5 Keep saying that and eventually people will believe it. The price of pencils? What about the price of food? The price of water? The price of a house? The price of education?
Who pays your salary?
7anonimo1 4 months ago
@7anonimo1 "The vast majority benefits" from a race to the bottom in salaries and indiscriminate clear-cutting of trees so that the rich can make cheap pencils and sell them to kids in Brazil who don't have enough to eat.
JUST LOOK AT NAFTA COUNTRIES - THE SHINNING EXAMPLE OF GLOBALIZATION - AND HOW WELL WE ARE ALL DOING NOW COMPARED TO THE 80s!
7anonimo1 4 months ago
Tell this to the 46 million people in the US now on food stamps. Or the unemployed. It doesn't help in reducing poverty, it only helps corporations in making more money by shipping jobs into countries where they can legally pay people 5 cents an hour. Globalization doesn't create competition, it creates monopolies - when they shut down small businesses.
vanfanel150 6 months ago