The Frustration Of Globalization
In the News (Vesti Finance): “International assistance to poor countries based on the principle of Robin Hood: Take from the rich and give to the poor. …
“Nobel Laureate Angus Deaton, writes about this idea in his article on the Project Syndicate.
“’A more formal term for this Robin Hood principle is ‘Cosmopolitan prioritarianism.’ This is an ethical principle that we need to think about all of the world equally, regardless of who lives where, and to channel their assistance to those who need it most. Those who have less are given priority over those who have more. Directly or indirectly, this philosophy is the basis of the distribution of all allocated to economic development aid, health and humanitarian emergencies. The needs of the people in poor countries are more urgent, and the level of prices in these countries is so low that for every dollar or euro of aid, two or three times more can be done than at home. …
“‘Globalization saving people in the poorest countries, proved to be harmful to the inhabitants of the rich countries, as some businesses and jobs migrated to countries where labor is cheaper. It seems that this phenomenon is an ethically acceptable price, because those who lose from globalization were much richer (and healthier) those who won. …
“‘Yet how much do these Americans suffer from globalization? Are they doing much much better than Asians, who now work in the factories that once settled in their cities? In general, of course, better. But a few million Americans, including blacks, whites and Hispanics, now live in households with a per capita income of less than $ 2 a day. This, in essence, is the same standard that the World Bank uses to determine the level of poverty in India or Africa. With this income in the US it is so difficult to find a roof over their heads, that the poverty with incomes of less than $ 2 a day in the US is definitely much worse than similar poverty in India or Africa. Cities that have lost plants due to globalization, and lost their tax base, are now finding it difficult to maintain high-quality school education, and with it – a chance for a better life for the next generation. Elite schools are gaining rich children to pay their bills, and at the same time fawn the minorities, offsetting centuries of discrimination. …
“‘It annoys the representatives of the white labor class, whose children have no place in this brave new world.
“‘When citizens believe that the elite cares more about those who live overseas, than about those who live across the street, the social contract is broken, we are divided into groups, with those who remain behind experiencing frustration and anger against a policy that no longer serves their interests.’”
My Comment: Do not be confused: it is not globalization when plants from a rich counter are relocated in poor countries in order to profit from cheap labor.
Globalization is a common, harmonious, mutual relationship that gives the main result of overall interrelations that begin in a small community and spreads throughout the whole world.
The term “globalization” indicates that we are mutually connected, and therefore live harmoniously with nature, which should positively affect everyone. We need to build mutual relations between us in the same way on every level.
The main tool to achieve that is educating people, since by educating them we provide them with the knowledge about the global interdependency of humanity. On the other hand, partial use of the aspects of globalization will only increase the current crisis.
Globalization Is Crumbling
The Peak Of Globalization Is In The Past?
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