Globalization, a "devastating success"

Jomo K.S.: "Before the crisis, finance accounted for 15% of the economy, but had 40% of the profits."

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News & Politics

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• globalization
• Jomo K.S.

[000deadcalm000]

Financial Sector= Unbridled Greed. I suggest that you read Confessions of an Economic Hitman...it will make it all to clear how this has happened.

US Politics = Complete and total corruption

[jailarson]

There is a lot of money in selling weapons to people who hate each other.

[LouieDaProtectionist]

anti-globalism is protectionsim. the Paultards are the problem spreading their lies.

[keshali45]

Meet some sexy naughty ladies mworld5.info

[GravDiga]

@jailarson War is the most profitable thing on the planet and hate is the key. (spread the knowledge.)

[marsCubed]

@jailarson It is worse than that.

Selling weapons to a fascist right-winger in a country gives them the means to take over the country to re-pay the debt

Then more money is pumped in to buy more guns and more debt to re-pay.

Until you get debt states where the loaner nation can demand repayment and seemingly justifiably pump in more guns and debt.

It is called odious debt.

It has fucked half the world for arms corp $.

[stevenweir76]

Yes, I do, the guy I voted for one last time. Doesn't always work that way though.

[sircesare]

i bet you still think you live in a democracy...

[stevenweir76]

The really, really interesting part is that people in countries who were wealthy where the economic system collapsed more often than not become wealthy under the new system as well, these people scramble and work hard for what they have. My brother as an example used to work about 80+ hours a week to build up his business, now he employs 20 people and enjoys a more relaxed time and wealth. You reap what you sow.

[stevenweir76]

How many people of those give others an oppotunity to earn a living and pay for things like education and health benefits for their employees. The countries which live in poverty are mostly those that are dominated by warlords or need to develop, do you think handouts have actually helped or hurt these people, in many cases, the handouts do more harm than good.

[MikeG11986]

Your right, money is nothing. What about the people born into poverty in the world? Where united states corporations have already procured all the resources, and polluted the enviornment so its nearly impossible to live off the land. The wealthy people in the world are charitable because they get tax write offs for it and it actually saves them money through their corporate loop-holes. 1% of the population in the world own 50% of the capital. 9.5 billion people are left to survive on the rest.

[stevenweir76]

Money is nothing, the power is held in the knowledge and work done. We all have to produce to acquire anything, that is nature, if we produce nothing we are of no value to society. There is no magic to wealth, it is hard work, unless you are born to a family of an ancestor who worked hard to procure his family's future.

The world's wealthiest are often the most charitable but I would use my wealth to change the world the way I wanted it, wouldn't you?