*Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor
*Increased likelihood of economic disruptions in one nation effecting all nations
*Corporate influence of nation-states far exceeds that of civil society organizations and average individuals
*Threat that control of world media by a handful of corporations will limit cultural expression
*Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage
*Greater risk of diseases being transported unintentionally between nations
*Spread of a materialistic lifestyle and attitude that sees consumption as the path to prosperity
*International bodies like the World Trade Organization infringe on national and individual sovereignty
*Increase in the chances of civil war within developing countries and open war between developing countries as they vie for resources
*Decreases in environmental integrity as polluting corporations take advantage of weak regulatory rules in developing countries
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Do you need a job? Are you wondering where all the good jobs went? Well, the next time you are out just walk into a store and start looking at the product labels. Most of the things that are sold in our stores are now made out of the country. So if you need a good paying job to support your family that is just too bad - you have been merged into a global labor pool where you must compete for jobs with people on the other side of the globe willing to work for less than a tenth of what you usually make. Welcome to the "one world economy" where big global corporations make a fortune exploiting slave labor on the other side of the world while "overly expensive American workers" get dumped out on the street.
In the new global system, multinational corporations can shop for labor almost anywhere they want. So why should they give American workers good wages and good benefits when they can legally pay large numbers of workers on the other side of the globe slave labor wages and get away with it?
For blue collar American workers, globalization has turned out to be a very, very bad deal. Most blue collar workers only have their labor to offer in the marketplace. But now since they must compete with slave labor in other countries, the labor of these blue collar workers has become greatly devalued.
This is having a devastating impact on manufacturing in the United States. In 1959, manufacturing represented 28 percent of all U.S. economic output. In 2008, it represented only 11.5 percent and it continues to fall.
Much of the jobs and industries that have been outsourced have gone to nations such as China. The American public sees this and is beginning to view China as a tremendous economic threat. A Washington Post/ABC News poll conducted earlier this month found that 61 percent of Americans consider China to be a threat to our jobs and economic security.
But Barack Obama and most of the other top politicians in this country continue to insist that we need even stronger economic ties with nations such as China.
It is absolute insanity.
So if we have decided that we are not going to make things in this country anymore, what kind of jobs are average Americans going to do in this new global economy?
Well, millions of Americans are just going to have to learn such phrases as....
"Welcome to Wal-Mart!"
"Our specials tonight are...."
"Would you like fries with that?"
For millions of other Americans there simply will not be any jobs.
If you don't like that I guess you can just move to China and apply for a $1.50 an hour job with no benefits.
You see, one of the things that globalization is ultimately all about is transferring power, wealth and control out of the hands of the middle class and into the hands of the global elite. The entire system is designed to funnel money into their hands and leave the rest of humanity fighting over a smaller and smaller slice of the pie.
This is not communism and it is certainly not capitalism. It is probably best described as "neo-feudalism", and it is a system that will strip virtually all of our liberties and freedoms away if we allow it to.
If you don't believe this is already happening, then please see an article I previously authored entitled "No Jobs, No Hope, No Future: 27 Signs That America’s Poverty Class Is Rapidly Becoming Larger Than America’s Middle Class" that lists 27 statistics that prove that the U.S. middle class is being rapidly wiped out.
Unless the American people wake up and take back control of the political process, global economic trends will eventually almost completely wipe out our once massive middle class.
Globalization is here and it is happening right now. It is destroying what still remains of the once great U.S. capitalist system. As our economy continues to be merged with the economies of the rest of the world, our standard of living will inevitably sink to match the standard of living that the rest of the world enjoys.
The entire game is changing. All of the things that you were taught about trade and economics as you were growing up are being turned upside down. Globalization is a complete and total nightmare. Hopefully the American people will wake up before it is too late.