Wednesday, September 8, 2010

The De Facto Global Corporate Fascist State

People often ask me, "Why doesn't it seem to matter who gets elected?" I have one answer for this, Globalization. And I don't think any President including Clinton, both Bushes, or Obama really understood what Globalization would do to the U.S., Europe or the rest of the world. Because it de facto created a world Global Corporate Fascist State. On a worldwide level it is like going to Las Vegas and betting everything you own there. The outcome to a greater or lesser degree would be expected. The exact same thing is true within our world economic system. It is fair to no one, not even most of the middle class and rich of the world.

The reason for this is Globalization is always based upon whatever 7 billion people want, rather than any one country or group of countries. Some of you might say, "Well. Isn't that a good thing?" I can say quite factually it is ONLY a good thing for the top 1% of wealthy people on earth and sometimes it is not even a good thing for them either. Who is is the worst for? It is worst for the poorest of them all.

Globalization will be the death of the poorest of the uneducated poor worldwide and you will see them die by the millions during the next 25 to 50 years directly because of Globalization.

If something is only good part of the time for the top 1% of the earth's humans and only then half the time or less then I would venture to say that Globalization isn't really good for any of us in the end, unless you want to see people die a lot from starvation worldwide, most especially the poor and uneducated.

If after reading this you have little or no idea of what I'm talking about you should read books like "The End of the Free Market" by Ian Bremmer and other books on this subject. For example, if you only even read the first chapter of this book you will see right away what a nightmare scenario globalization is for the U.S., Europe and Japan. Even India and China who because they have lower wages are doing okay now  likely will begin to suffer soon in social and cultural dislocation and a variety of other factors due to globalization.
Another help might be to read publications like the "Wall Street Journal", The New York Times, or The Washington Post, especially in the business section. However, the most comprehensive outlining of the problem the world now faces which I equate to a "nightmare scenario" worldwide is to read the very first chapter in "The End of the Free Market"

Here is a site where a writer asked Ian Bremmer six questions:

The End of the Free Market : Six Questions for Ian Bremmer—By ..

Begin quote from above article.

Political leaders in China, Russia, the Arab monarchies of the Persian Gulf, and others have had to accept that they can’t mandate long-term economic growth. They know they need to embrace markets. But they also know that if they leave it entirely to market forces to decide who wins and loses from economic growth, they run the risk of enriching and empowering people and institutions that might use their new wealth to challenge the government’s political power. So they’ve built systems, tailored to meet their political needs, which allow the state to dominate domestic economies—state capitalism.
These governments use state-owned companies and privately owned, politically loyal firms to intervene in global markets for energy, aviation, shipping, power generation, arms production, telecom, metals, minerals, petrochemicals, and other industries. People don’t realize that national oil companies now control three quarters of the world’s crude-oil reserves. To help finance the system, these governments use enormous investment vehicles knows as sovereign wealth funds. The state is using markets to create wealth that can be directed as political officials see fit. The ultimate motive is not economic (maximizing growth) but political (maximizing the state’s power and the leadership’s chances of survival).
This phenomenon is distorting the workings of free markets in lots of ways. One of the most important is this: Western companies and multinationals are now forced to compete all over the world against companies armed with enormous financial and political support from their home governments.
This trend has been developing beneath the surface for many years, but the financial crisis and the global recession that followed have proven an important tipping point. China, the leading practitioner of state capitalism, grew by nearly 12 percent in the first quarter of this year. America, meanwhile, is muddling along with 9.7 percent unemployment. This is a tough moment for those who believe in free markets to make their case. The result is that the global free-market system as we’ve known it for many years doesn’t exist anymore.

I  would like to emphasize the last sentence:

THE RESULT IS THAT THE GLOBAL FREE-MARKET SYSTEM AS WE'VE KNOWN IT FOR MANY YEARS DOESN'T EXIST ANYMORE.

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