2 ms·
Part of the problem is that globalism isn't. What today is called globalism is the free flow of international capital so that capital can do labor arbitrage. T
by api 8y ago
Part of the problem is that globalism isn't. What today is called globalism is the free flow of international capital so that capital can do labor arbitrage.
That benefits the ultra wealthy and large corporations the most. It also benefits the very poor to some extent, but that benefit is capped since as soon as wages start to rise even a little bit capital starts looking elsewhere.
It benefits China so much because China is effectively one mega-corporation. Its like Amazon, Wal-Mart, GE, Honda, etc. all vertically integrated with control of a sovereign currency.
People meanwhile are stuck subject to nations and local governments just like always.
There is also no global democracy or system of representation of any kind.