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Alpha Centauri Profile
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Registered: 02-2004
Location: Athens, Hellas
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posticon Economic globalization as I conceive it...


Asides from all this economical theories' mumbo jumbo, here's how I conceive it in practical every-day terms:

A factory in Detroit produces cars...

The average car industrial worker in Detroit gets paid $20 per hour.

The average car industrial worker in Detroit can afford to buy a new car once every 2 years.

The average car industrial worker in Taiwan gets paid $2 per hour.

The average car industrial worker in Taiwan can afford to buy a new car once every 20 years.

The manager of the said car-factory decides that they can drastically cut down the production costs (thus maximizing their profits) by moving the factory installation to Taiwan, where the labor cost is 10 times cheaper than Detroit.

So the car factory moves to Taiwan, thus leaving thousands of industrial workers in Detroit unemployed.

The average car industrial worker in Detroit can now afford to buy a new car once every 20 years (much like their Taiwanese counterparts).

The first car "made in Taiwan" is produced. But... who can afford to buy it anymore??? Neither the unemployed in Detroit, nor the low wage worker in Taiwan... So the factory, despites the lower production costs, ends up shuting down...

I guess no one gets to win in this economic globalization game... Any suggestions?

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Alpha Centauri, 1/Jun/04, 10:10


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1/Jun/04, 10:08 Link to this post PM 
 
AnnaAngel1 Profile
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Registered: 08-2003
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Re: Economic globalization as I conceive it...


Alpha maybe we need to get back to basics or completely go with the barter system trade for trade

well two examples my late husband had family that worked at the ford motor plant worked there for 25 years and then the robots came in and took the place of workers and then at that time yrs ago at the plant he was getting 28.00 per hour to paint the pen stripes on the cars and then he had to leave alot of workers got the pink slips oh by the way the cars they got for the number of yrs. they worked there that it was basically cut about $ 7,000 off of the newer cars fo the employees

also today i talked to a person at a party i went to for the memorial holiday cookout and he told us he had been with AT and T for 24 yrs and got paid about 32.00 per hour so they merged and then just lately moved there main plant over to tiwan and let all the employessgo and shurt down that plant ....and that the people over there were only getting 1.98 per hour and then the big vips and the company were getting for the big business kickbacks from the usa all by moving out of the usa and many many companies are doing that now . AOL , there main headquarters use to be in northern virginia and now they have moved to india

somethings drastically has to change and then all the write - offs that the big ceo's get moving out of the usa or to florida off of the international waters ..... it really has to change .... we are getting charged way too much for all services that has gone way downhill all because of greed


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AnnaAngel1, 1/Jun/04, 20:03


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~Anna~
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1/Jun/04, 11:01 Link to this post PM 
 
rcable1 Profile
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Re: Economic globalization as I conceive it...



guess no one gets to win in this economic globalization game



Precisely

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1/Jun/04, 12:31 Link to this post Email   PM 
 
Whitemajikman Profile
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Re: Economic globalization as I conceive it...


My Take on Economic Globalization ,and why it Will not Fly.....
Top 10 Reasons to Oppose the World Trade Organization


1.The WTO only serves the interests of multinational corporations

The WTO is not a democratic institution, and yet its policies impact all aspects of society and the planet. The WTO rules are written by and for corporations with inside access to the negotiations. For example, the US Trade Representative relies on its 17 "Industry Sector Advisory Committees" to provide input into trade negotiations. Citizen input by consumer, environmental, human rights and labor organizations is consistently ignored. Even requests for information are denied, and the proceedings are held in secret

2.The WTO is a stacked court

The WTO's dispute panels, which rule on whether domestic laws are "barriers to trade" and should therefore be abolished, consist of three trade bureaucrats who are not screened for conflict of interests. For example, in the tuna/dolphin case that Mexico filed against the US, which forced the US to repeal its law that barred tuna from being caught by mile-long nets that kill hundreds of thousands of dolphins each year, one of the judges was from a corporate front group that lobbied on behalf of the Mexican government for NAFTA.

3.The WTO tramples over labor and human rights

The WTO has refused to address the impacts of free trade on labor rights, despite that fact that countries that actively enforce labor rights are disadvantaged by countries that consistently violate international labor conventions. Many developing countries, such as Mexico, contend that labor standards constitute a "barrier to free trade" for countries whose competitive advantage in the global economy is cheap labor. Potential solutions to labor and human rights abuses are blocked by the WTO, which has ruled that it is: 1) illegal for a government to ban a product based on the way it is produced (i.e. with child labor); and 2) governments cannot take into account the behavior of companies that do business with vicious dictatorships such as Burma.

4.The WTO is destroying the environment

The WTO is being used by corporations to dismantle hard-won environmental protections, who call them barriers to trade. In 1993 the very first WTO panel ruled that a regulation of the US Clean Air Act, which required both domestic and foreign producers alike to produce cleaner gasoline, was illegal. Recently, the WTO declared illegal a provision of the Endangered Species Act that requires shrimp sold in the US to be caught with an inexpensive device that allows endangered sea turtles to escape. The WTO is currently negotiating an agreement that would eliminate tariffs on wood products, which would increase the demand for timber and escalate deforestation.

5.The WTO is killing people

The WTO's fierce defense of intellectual property rights-patents, copyrights and trademarks-comes at the expense of health and human lives. The organization's support for pharmaceutical companies against governments seeking to protect their people's health has had serious implications for places like sub-Saharan Africa, where 80 percent of the world's new AIDS cases are found. The US government, on behalf of US drug companies, is trying to block developing countries' access to less expensive, generic, life-saving drugs. For example, the South African government has been threatened with a WTO challenge over proposed national health laws that would encourage the use of generic drugs, ban the practice of manufacturers offering economic incentives to doctors who prescribe their products and institute "parallel importing," which allows companies to import drugs from other countries where the drugs are cheaper.

6.The US adoption of the WTO was undemocratic

The WTO was established out of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) negotiations. On December 1, 1994, Congress approved GATT under Fast Track during a lame duck session of Congress. Fast Track limits public debate by not allowing amendments. The approval of the WTO required entire sections of US laws to be rewritten to conform with the WTO rules, similar to the way that treaties often redefine how the US will interact with other states. Had the agreement been voted on as a treaty, requiring a two-thirds majority in the Senate, it would have been defeated.

7.The WTO undermines local development and penalizes poor countries

The WTO's "most favored nation" provisions requires all WTO member countries to treat each other equally and to treat all corporations from these countries equally regardless of their track record. Local policies aimed at rewarding companies who hire local residents, use domestic materials, or adopt environmentally sound practices are essentially illegal under the WTO. Under the WTO rules, developing countries are prohibited from following the same polices that developed countries pursued, such as protecting nascent, domestic industries until they can be internationally competitive.

8.The WTO is increasing inequality

Free trade is not working for the majority of the world. During a the most recent period of rapid growth in global trade and investment--1960 to 1998--inequality worsened both internationally and within countries. The UN Development Program reports that the richest 20 percent of the world's population consume 86 percent of the world's resources while the poorest 80 percent consume just 14 percent. WTO rules have hastened these trends by opening up countries to foreign investment and thereby making it easier for production to go where the labor is cheapest and most easily exploited and environmental costs are low. This pulls down wages and environmental standards in developed countries who are having to compete globally.

9.The WTO undermines national sovereignty

By creating a supranational court system that has the power to economically sanction countries to force them to comply with its rulings, the WTO has essentially replaced national governments with an unelected, unaccountable corporate-backed government. For the past nine years, the European Union has banned beef raised with artificial growth hormones. The WTO recently ruled that this public health law is a barrier to trade and should be abolished. The EU has to rollback its ban or pay stiff penalties. Under the WTO, governments can no longer act in the public interest.

10.The tide is turning against free trade and the WTO!

There is a growing international backlash against the WTO and the process of corporate globalization over which it presides. Movement-building by coalitions such as People's Global Action against the WTO in Europe and the Citizen's Trade Campaign in the US are growing fast, as public support for corporate-managed free trade dwindles. Recent polls show that 58 percent of Americans agree that foreign trade has been bad for the US economy, and 81 percent of Americans say that Congress should not accept trade agreements that give other countries the power to overturn US laws. (Too late!).


These are just some of the many reasons.......Why Economic Globalization will not work.........

But to really delve into this subject for learning purposes as well as entertainment value,one must not leave out the conspiratorial side to this debate......

Like for example....
The Federal Reserve,Billderbergs,NWO,Freemason's,Illuminati, Skull and bones,The Rothschilds,The Rockefellers,The Annunaki,The Roman catholic church,The Zionist Movement,Islam,War-profiteering,and many,many,many
others.

I think That The world is not ready or equipped to be able to deal with the true reality of Global Governance and a one world economy,due to issues of who would ultimately be in control,Favoritism,Religious Intolerance,Hatred,and that's just the tip of a mountain of Issues which would Impede Economic Globalization and one world government........... emoticon




Last edited by:
Whitemajikman, 6/Jun/04, 19:51


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6/Jun/04, 19:50 Link to this post Email   PM  Yahoo  Blog
 
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Re: Economic globalization as I conceive it...


Hello,

That is the superiority of America and why we should not be lost in a global economy. Detroits good ole days are in near total demise no doubt to the globalism allready in effect.

Thankyou,
WesleyWes
http://groups.yahoo.com/group/Liberty411

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WesleyWes, 4/Feb/05, 1:29


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4/Feb/05, 1:28 Link to this post Email
 
mspatric Profile
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Re: Economic globalization as I conceive it...


I love how everyone always blames the corporations and other businesses or the government, and sometimes nations, for all the bad results of our current global economy.

God forbid any blame fall to us consumers who keep the system going.

You don't want American workers to lose their jobs. Fine. Be willing to pay more for a car so they don' t have to. Also be willing to pay highter taxes to allow subsidizing those industries (which usually leads to poorer efficiency, though not always). Because that's the only way they can hope to stay afloat when other nations will let their companies use cheap labor pools.

For a while people blamed NAFTA for American job losses. When in fact those losses were labor intensive jobs that would have been lost anyway. All NAFTA did was ensure Jose and Ricardo got those jobs instead of some guy name Lee or Zhang.

It's the consumers who ultimately determine the economy. It will take a massive, global effort on the consumers part to ever change the system.

Yet people still buy diamonds and other 'precious' gems (when in fact they are not, most are simply kept regulated so people will think they are rare) despite all the bloody wars fought and still being raged over them. Everyone wants a cheap car they can drive alone and waste gas, which they don't want to pay much for either. Everyone wants free Healthcare (which I myself would count as a basic right) but God forbit they raise taxes to pay for it! Everyone calls for cutting down on beauracracy (hate trying to spell that word), but then complain when inefficient workers get laid off.

And environmental concerns have been at odds with business ones for millenia. Economic and environmental concerns can be completely unrelated. That's why fresh drinking water was never considered as valuable as diamonds and other shiny rocks (though in some fuedal societies vassals were paid in food supplies for their people). There's no direct correlation, so it becomes necessary for the government or other groups to try and regulate businesses in regards to the environment.

As long as you have a materialistic competitive mindset, then you will have economic problems like we are seeing. Especially in a global economy where one nation CANNOT truly control what its rivals are doing.

The system cannot be truly reformed. Streamlined yes, but not reformed. It can only be replaced by something else (which one day it will be do the inherentlack of stability), which most would be unwilling to do.
24/Mar/05, 22:22 Link to this post Email   PM 
 


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