> Does it necessarily follow that "lowering of living standards for all
> workers and absolute poverty for most" follows from capital's "roaming of
> the world in search of cheap labour".
> I think not.
> Surely it must improve the living standards of some individuals in less well
> off countries.
Relying on experience so far, only a small minority benefits
in most cases, while for the rest living standards won't
improve and the environmental conditions worsen.
The products and the profits leave the poor country.
There are a few exceptions, such as South Korea,
but there is no guarantee against crisis, when
unemployment may force people back to the
poverty and unbelievingly inhumane working
conditions. While international finance risked and lost
nothing.
> Richer countries may have to "pay" for their lesser well off neighbours but
> our standard of living on average is much higher.
> Is part of the "problem" with globalization, that Western nations will have
> to take a pay cut! (( washes mouth out with soap and water )) ;-)
> Are we concerned about how globalisation affects the whole world or only
> part of it.
>
so far the effect of globalisation is making the rich richer and the
poor poorer in every country - perhaps with the exception of Norway.
Everywhere we are demanded by the monetarists and the free-marketeers
to tighten our belt if we are employees, and concessions, tax-breaks
and excessive salaries if we are top cats. Masses are driven to
social unrest and fundamental fanatism. Capitalism doesn't work.
Capitalism is dangerously rotten.
> Tony
>
>
>
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