by Guise

Created on: January 04, 2009   Last Updated: January 05, 2009

The Disproportionate Distribution of Globalized Economic Benefits

Globalization is an intricate, international socio-economic strategy, often too complicated for any one person to understand. There are so many facets to consider, which are contingent upon gaining an elite status for small percentages of populations around the world. Just recently in 2006, the United Nations reported that 2% of adults on earth, own more than half of the world's "household wealth".

Seems a bit one sided...only a portion of people actually benefit residually, while others can only labor to live paycheck to paycheck. International debt is one tool used to support globalism, and although banking institutions swear by the importance of liquidity, and credit-flow; they fail to see the negative by-products. To name only a few: degradation and dissolution of cultural traditions, disenfranchisement of races in the workplace due to complex economic structures, and also devaluation of a nation's currency. These sort of social problems are never addressed properly, even though globalism tends to teach politically contrived monetary policies and trade agreements claiming the intention to mitigate harmful "bubble burst" effects.

In reality though, the market swings they attempt to "regulate" always include rising joblessness, homelessness, and corruption. Evidently,the public seems to be taking on many liabilities; while aprivilegedfew who thrive in separate economic hierarchies, like the infamous "market makers", continually benefit in commerce by actually setting important prices. The idea behind globalism may be idealistically all too simple, as it does include the creation of a unified worldly society. Yet the civil transformations necessary for such a thing come at high costs to national economies and communities alike; but always create valuable assets for the already wealthy. That fact is not conditional upon politcal or economic schools of thought that may prevail in a country, but does rely upon who controls the creation of money supplies.

Currently, part of the globalization agenda includes a "Central Banking System" to facilitate every day consumer transactions; where free market capitalism ideals help in providing plenty of cash-flow for us to share. However, the business of creating a country's money supply, allows for a more profitable avenue of investment. The problem is that it is only available on a market a good portion of the world's population cannot reach. Creating larger

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