GLOBAL MARKETS


Live World Indices are powered by Investing.com

Sunday, 21 June 2015

Why Globalization & Free Trade Deals Destroy Middle Class Hopes And Dreams

Twelve Reasons Why Globalization is a Huge Problem


 


"What is clear is that a very small elite have benefited from globalization and free trade. The terrible costs to the vast majority are without measure nor historic precedent - the people were fooled outright by their evil propaganda and criminal lies."  



12. Globalization ties countries together, so that if one country collapses, the collapse is likely to ripple through the system, pulling many other countries with it.
History includes many examples of civilizations that started from a small base, gradually grew to over-utilize their resource base, and then collapsed. We are now dealing with a world situation which is not too different. The big difference this time is that a large number of countries is involved, and these countries are increasingly interdependent. In my post 2013: Beginning of Long-Term Recession, I showed that there are significant parallels between financial dislocations now happening in the United States and the types of changes which happened in other societies, prior to collapse.  My analysis was based on  the model of collapse developed in the book Secular Cycles by Peter Turchin and Sergey Nefedov.
Figure 10. US Balance on Current Account, based on data of US Bureau of Economic Analysis. Amounts in 2012$ calculated based on US CPI-Urban of the Bureau of Labor Statistics.

It is not just the United States that is in perilous financial condition. Many European countries and Japan are in similarly poor condition. The failure of one country has the potential to pull many others down, and with it much of the system. The only countries that remain safe are the ones that have not grown to depend on globalization–which is probably not many today–perhaps landlocked countries of Africa.


In the past, when one area collapsed, there was less interdependence. When one area collapsed, it was possible to let cropland “rest” and deforested areas regrow. With regeneration, and perhaps new technology, it was possible for a new civilization to grow in the same area later. If we are dealing with a world-wide collapse, it will be much more difficult to follow this model.

Crime, drugs and disease are imported without control




Twitter

Twitter
Follow Here

Search This Blog