Globalization, what it is and its cure

Globalization is the abuse of global corporations in Third world countries supported by First world economies, world banking and world trade organizations so that the poor nations are used as reserves for cheap natural resources, cheap labor resources, and dumping grounds for surplus production. The global corporations make huge profits while destroying internal domestic interdependency in trade and domestic markets suddenly and without warning to the ones that get dispossessed. Add to this the callous pillage of the environment, cultures, currencies, development programs, and even governance through bribery and corruption in any and all forms.

Remember the Bhopal tragedy? No aspersions on India but according to my understanding the politicians of India could not care less about the poor and the broken and the dispossessed in this Bhopal tragedy so that the concerned global corporation escaped with very little penalty and loss in spite of its criminal negligence giving rise to tens of thousands of dead, maimed, sickened, or made destitute or dispossessed from their polluted homes.

In the USA global banks and brokerages have taken the entire world on a junketeer. The USA government not only did not do anything significant at all to help recover the losses of the people caught in this mess in spite of admissions of guilt by these global companies, but actually bailed them out lock, stock and barrel! The reason is because the global corporations ensure their political and judicial clout and well-being by contributing to the election funds of those supposed to enact and dispense justice. In other words the USA leaders are as corrupt as any in the world, if not worse, since they do not need to be corrupt in order to live a reasonably good life with the salaries given to them by the state.

The only cure for the Third world is that there be international economic justice and that is not going to happen as long as there is military and economic muscle with lack of principle in a world where industrialized countries prefer to retain their hegemony at the expense of the poor and the downtrodden nations. Therefore, the Third world MUST group together and fight back militarily if need be against the destabilizing efforts of the Industrialized countries in the targeted Third world countries which have the huge strategic reserves of natural resources which the Industrialized world covets – and is unwilling to trade fairly for them.

Salim e-a Ebrahim