The main assumption of this report is to discredit the false claims that globalization of Capitalism is the only viable path to greater prosperity and development for a society. This report identifies that there is in fact a necessity to explore other economic systems because neoliberal capitalism is currently observed to be greatly impacted by economic and ecological predicaments. The annotations below show numerous possibilities of using alternative economies as an altenative for growth and prosperity.
Dacheux and Goujon’s article address the growing international reality that is at the very heart of the current economic sphere, that globalisation is a utopian dream of a humanist universality. Their forum suggests that a solidarity economy is a humanistic economy and would return trust in democratic deliberation. Solidarity economy offers a combination of initiatives, these include; linking productive activity to social demands rather than profitability; equal participation from both men and women towards the production of goods and services; structuring of local, national and international networks cooperatively based on consensus; collectively working towards a democratic regulation of economic activity.
The development and production of solidarity economies are found in many varying forms through the world that reflect differing local conditions. The solidarity economy encourages individual developments by organised participatory community efforts that restricts
The soundbite criticisms of capitalism are legion, yet it’s harder to offer alternatives, aside from the vague notion of 'something else'. Despite the carnage of trying to socially engineer equality in the 20th century, nevertheless the myth persists that capitalist wealth creation is superfluous and money is readily available to a small number of elitists called a government under common ownership, who distribute, or simply print more paper. Ironically, the ones shouting the loudest against capitalism are often those dependent on the profits of capitalism to provide the welfare payments needed to keep them alive.
When it comes to globalization, everyone may have a different vision of it’s outcome. For Marcelo Gleiser, the author of “Globalization: Two visions of the Future of Humanity”, a completely globalized world may result in a dystopia. In contrast, Jeffrey Wasserstrom, the author of “A Mickey Mouse Approach to Globalization” and Tanveer Ali, the creator of “The Subway Falafel Sandwich and the Americanization of Ethnic Food” may think of globalization as other cultures sharing each other’s components to interact on a new level and spurring a more “open-minded” (Ali 27) individual.
Organic solidarity arose as a result of the industrial revolution when society became more multifaceted and new ways of working emerged. This saw a decline in the collective conscience regarding shared morals and beliefs as society began to progress and expand. The division of labour that arises as a result of organic solidarity is complex and varied, resulting in people becoming more individualistic and yet also interdependent. Society’s social bonds now centred around the fact that people were dependant on each other for the good and services required in their day-to-day lives. (McDonald, 2009)
Capitalism is an omnipresent system that has taken on many unique and defined forms throughout its existence. While capitalism comes in a variety of disguises, one thing about capitalism has always remained the same – the nature of its selfish being. Capitalism thrives on hard work. Individuals that work hard will undoubtedly be rewarded. On the contrary, those that are not able to work are left in a dreadful predicament. Even with two distinct versions of capitalism – plain capitalism and democratic capitalism – both involve the necessary component of free enterprise. Capitalism considers free enterprise something to be achieved individually with rewards intended for just oneself. Adam Smith came along and challenged that notation
I also explored a topic of comparing competitive modes of economic production with a cooperative one to see which could yield the most efficiency and happiness throughout a nation state like the United States of America. This comparative method would be much more difficult to explore as mass production in a cooperative economy has not adequately existed for study yet. I also preferred the topic of UBI because of the relative likelihood of its implementation. A full spread cooperative economy is a very unlikely change to occur in the near future, but a UBI could be put up for debate soon given the rising inequality crisis occurring throughout the neoliberal world.
In his article “Globalization: Two Visions Of The Future Of Humanity”, Marcelo Gleiser states that there are two possible outcomes of the process of globalization. At first, he predicts that world can turn into a true global village due to the development of technology, traveling, trade and Internet. However, Gleizer explains that it is not easy to foresee unknown and questions how much this “scientific utopia” (8) is realistic, when considering politics and culture. Then, he argues that globalization cannot be achieved due to “evolved tribal nature” (9) of humanity, even though it is implied as the process which will diminish any barrier between various cultures. He states there is no doubt that trade and travel barriers will disappear by
As far back as man has been on earth, he has been driven towards building a community among his peers. Whether that is a community of hunters and gatherers who share whatever the day has brought to them within their tribe, or a larger community which within its structure lie the inner dwellings of division of labor and societal classes. Adam Smith (18th Century), John Stuart Mill (19th Century), and Karl Marx (19th Century) are of the same cloth, but in modern terms their community is referenced as a government, and they each have their own distinct opinions on the 'drive' instilled within human nature that shape their personal economic theories. I will be dissecting the views of each of these economists, in regards to the role of
Migration in developing countries is often seen as a way of development through the stimulation of global currency within the country. Specifically throughout the Philippines, it is more common for migrant workers to be female, resulting in the overall structure and dynamics of these families to change. In the novel, Servants of Globalization, author Rhacel Parreñas addresses how the pre-existing structure of gender expectations and unequal employment opportunities for male and females abroad influence the overall gender patterns and impacts of migration from the Philippines, ultimately affecting the dynamics of families as they become transnational and challenging the pre-existing gender ideologies within the countries.
In Thomas L. Friedman’s “Globalization: The Super-Story”, he examines the features of globalization from various aspects and how it helps people better understand 9/11 events. He claims that globalization is the new improved system formed in place of the old “cold war system”(102), and through the patterns of which, people observe today’s world in an integrated way. Simple short phrases, organized structure, colloquial language, and punctuation are techniques Friedman uses to create a reader-friendly, convincing essay. To begin with, Friedman uses simple short phrases to emphasize his points. He starts with an enthusiastic term “big believer” (102), which establishes the colloquial
Capitalism has been the subject of ethical criticism since it was first introduced into society. I defend the morality of capitalism because it gives people incentive to work, establishes a web of trust between them, satisfies their material well-being, and generates a wide spectrum of prosperity.
In the first article, “Divided We Stand: Why Inequality Keeps Rising” by OCED, the author approaches the topic of social welfare using a reluctant collectivist approach, at the same time, still suggesting for other variations. The author explains his opinion regarding the importance of social welfare for the overall well-being of the economy, as it supports the ongoing free-market characteristic of the economy. The author describes the rising issue of income inequality and poverty in the international economy as “People will no longer support open trade and free markets if they feel that they are losing out while a small group of winners is getting richer and richer” (OECD, 2011). To further elaborate, the issue of income inequality is caused by an individual’s educational background. The importance of education is significant as it reduces inequality since many businesses/companies want to hire employees that are highly qualified and have demanding skills. This in turn leads to an increased gap between the rich and the poor due to unequal wage distribution as the
Social democracy is the voice of reason that backings equity, both economic and social, inside the setting of an industrialist economic model which is unmistakably the most prosperous model starting at yet. Tragically, this nation has been encountering a hard-right move that carries with it a corporatist state and the lead of comrade business people. We confront a daunting task in obliterating the powers of corporatism, and for our vision in making another kind of capitalism that backings a fundamental and reasonable living status for all Americans while keeping up equivalent open door and the capacity to climb the last of accomplishment. I trust all people merit economic and social correspondence paying little heed to ethnicity, nationality, sexual introduction, sex distinguishing proof, or religious convictions.
With modernization and industrialization, labour became increasingly specialized. Before this in the pre- modern societies, all workers did almost the same work in order to sustain themselves. These workers shared social cohesion base on similarity and commonality among themselves. This ‘mechanical solidarity’ was soon replaced by ‘organic solidarity’. With organic solidarity social cohesion was based on each individual’s dependence on every other in the society for survival. (The Emile Durkheim Archive, Solidarity)
Globalization is the proximate and multidimensional set of political, economic, social, and technological integration around the globe. The increasing interconnectedness among countries can be seen through the prism of globalization. Essentially, the lives of people living in distant cities like Bangalore and Silicon Valley are brought closer as a result of this phenomenon. Drivers of this adjacent include; the expansion of trade, technological exchange, labor movement and investments (Stearns 2017). The discourse of globalization encompasses several multidisciplinary themes. The paper, however, concentrates on the economic factors, “which, entails the closer economic integration of countries of the world through increased flow of goods, services, capital and even labor.” (Stiglitz 2007: 4). The paper focuses on economic globalization and elucidates whether the globalization has reduced poverty and inequality or had reproduced the reversed implications. Meanwhile, the paper reveals if the developing world has benefited from the set. This seems to be the central question that policymakers, development economists, and politicians have been grappling with for years. The paper is presented in three parts. Part one reflects on the historical context of the problem statement. The second part compiles literature and juxtaposes with cases to corroborate the globalization-poverty-inequality triangle. Finally, the conclusion represents the author’s viewpoint on the
Globalization is important to understand in order to determine what worked in the past and can be successful again in the future. Our many cultures, ideals and growing technology form together to create an extremely global world. We use products that were made on the other side of the world, and are taxed on practically everything. Whether the effects of our global society is good or bad, there’s no doubt that the world is constantly changing and impacting our livelihoods, so we must adapt accordingly in order to succeed.