The Myth about Globalization

Globalization sounds good at first. Its suppose to be good for the consumer. We all enjoy the lower prices at Walmart. We say we do care if child labor and or prison labor is being exploited. The only problem is Americans are the only ones buying in. The big corporations love the idea because China represents one fifth of the worlds future consumers, China and India will be one third of the planets consumers. If you think these are American companies and or patriotic, think again. They fly a flag and it looks like $100 bill. Loral/GM Huges sold rocket secrets to China and didn't have the United States governments blessing. However, no one was imprisoned and or fined. At the moment America is the number one consumer of the worlds goods and services. Most of us do not know who the number two nation in consumption is. If you said Japan your right. However, by 2025 China will surpass us. Their growth rates has to be maintained to prevent civil unrest. If not they might have an uprising and redistribute the wealth. Keep in mind that those high level communist party officials were never real communist. In fact many of the Hong Kong factories belonged to them. No wonder nothing changed when the British returned Hong Kong back to China at the lease end. Mexico too was all for globalization/NAFTA, that is until it saw some of them macinadoras moving to China. Then too remember that NAFTA also promised less illegal immigration. Back to China now. They have a top down economy and are interested in only one metric. Jobs is their concern and they have in fact propped up an inefficient steel industry. By their gov't supporting this industry they will force the more efficient steel producers to close. This will cost the consumer more and therefore in not good for free trade. steel today and something else tomorrow. The question is what are we going to do after all the jobs have been shipped overseas ? Will this corporate greed subjugate us to a position of less than the #1 superpower ?
One only needs to see what Japan has done to their people in order to protect their cattle/farm industry. The Japanese like going on vacation just so they can eat steak three meals a day. If you ever go to Disney, The Grand Canyon, and other popular American vacation destinations you notice that the Japanese travel agents have booked lodging years in advance. I've been twice to each and observed this first hand, I might have thought that I was visiting Japan.