Saturday, May 24, 2025
Change
The post WW 2 years have seen globalization become the economic system of the world. This resulted in significant increases in the wealth of the top 1% of earners, with studies showing real income increases of 60%. Rich individuals and companies have benefitted from the expansion of global markets, leading to increased investment opportunities and profits. Globalization lowered production costs, especially in industries where labor is a significant expense, leading to increased profits. This led to job losses in domestic manufacturing, particularly for lower-skilled workers. It caused exploitation of labor in poor countries without environmental standards and protection for workers. The benefits have not been evenly distributed, with the richest individuals and countries gaining at the expense of lower paid workers. Those who were not part of the global elite have seen their wages stagnate. The US is trying to upend this economic system and this is causing a back lash from all the groups who have benefitted. These include the military industrial complex, followed by the large international corporations and the very rich. The American citizens are beginning to understand the injustice and the working people want a change. They want their good jobs back. They want the money the US is spending acting like the world’s policemen to be spent on growing the US economy. They are beginning to see the unfair trade agreements the US has with the rest of the world. They want to move away from groups like the UN, WTO and WHO by paying only the US share. They want to put America first.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment