Globalisation is Good - Johan Norberg on Globalisation(full video)

The world is an unequal and unjust place, in which some are born into wealth and some into hunger and misery. To explore why, in this controversial Channel Four documentary the young Swedish writer Johan Norberg takes the viewers on a journey to Taiwan, Vietnam, Kenya and Brussels to see the impact of globalisation, and the consequences of its absence. It makes the case that the problem in the world is not too much capitalism, globalisation and multinationals, but too little.

A pdf of the book this film was based on 'In defence of Global Capitalism'. Can be found bellow

https://sites.google.com/site/malthusstorage/storage-b/in-defence-of-global-c...

Category:

News & Politics

Tags:

• Globalisation
• is
• Good
• Johan
• Norberg
• global
• capitalism

[Andrew920917]

@AussieAustrianBlog IF you look at the US markets in the 1800's which were built on the free market "non intervention" principles, you had very big companies like Carnegie and Pullman which literally dominated everything. They owned entire towns and it was only through eventual government support of unions that their monopolies were broken up.

[Andrew920917]

@AussieAustrianBlog No, i meant the opposite. Competition would become so extreme without government intervention that people would do anything to control the market share. What you'd eventually get is one business emerging dominant and getting a monopoly. Surely you need the government as a fair regulator to make sure small business doesn't get bowled over by big companies unfairly. And workers do have rights - minimum wage, health and safety acts, maternity leave, equality laws

[AussieAustrianBlog]

@Andrew920917 Why wouldn't their be competition? There would be more competition as big business, interest groups etc could not collude with government, granting special privileges and regulations that protect them from competition. That is the current sad state of affairs. We do not have financial security now, i.e. baby boomers, thanks to the state - not the free market! Politics currently undermines economics. What rights do workers have? Individuals have rights. Not this group or that group.

[AussieAustrianBlog]

@FuchsiaFF00FF You are living in a fantasy world. Study Sweden, that is my only advice.

[Andrew920917]

@AussieAustrianBlog do you not think than if the world was in a complete free market, rid of the imf/world bank and all government intervention, people would do anything to get one up on their competitors? How could you have workers rights and genuine financial security without social contract backing of the state? Surely the politics of it would undermine the economics?

[FuchsiaFF00FF]

@AussieAustrianBlog

I'd say it's as good as Hong Kong.

[AussieAustrianBlog]

@FuchsiaFF00FF Sweden an example of success?? You have a very different definition of "success" to mine. Sweden is far from a model country for others to follow.

[AussieAustrianBlog]

@FuchsiaFF00FF What has banking centres got to do with anything? I really don't understand your points. All countries are better off with free trade and free markets as economics does not change depending on geography, population etc. 250 years ago, most of the world lived in relative poverty, now much more of the world is living out of poverty. Absent government interventions, this should continue.

[FuchsiaFF00FF]

@AussieAustrianBlog

Also, if we're saying a single successful country should be the standard for the rest of the world, explain Sweden.

[FuchsiaFF00FF]

@AussieAustrianBlog

Laissez-faire capitalism in Hong Kong can draw economic traffic there. A country like the US could not function with just economic traffic. They're rich due to free trade, but the entire world cannot be a banking center.