Googler thoughts on globalization

Globalization or monopolization

Globalization is a pretty popular word now. It simply means world functioning as one unit in politics, economy, trade and maybe even culture. Most people would tell you how good it is to have free movement of goods and people and ability to work in a country of your dreams, but they hardly realize that the process has and will definitely have more disadvantages than advantages. In fact, I believe the process can also justly be called monopolization. 

This free movement of goods and ability to do business in any part of the world creates an illusion of big opportunities. If you start looking at European Union, which could be the best example of globalization, you actually see the model of former Soviet Union with slightly changed shape and slightly different ideas. However, each country has a quota of what they can produce and export, which means that bigger countries like France and Germany(also Great Britain) have tremendous advantages over other smaller European countries. 

To do business in European Union in certain sphere you must have a dozen of requirements, certificates and the like, which not every company is able to get. It is pretty difficult for small companies to compete in such a big market. Over the previous ten years I saw a lot of small companies going bankrupt and big companies becoming stronger because all the requirements for business are very favorable for big companies and very unfavorable for small firms. 

It means one single thing, that in the future all economy will be run by huge corporations and who knows; maybe there won’t be any small businesses anymore. You could very well see in the banking sector too. Some banks are bigger than the GDP of their countries. What could happen if they went bankrupt? Tens of thousands people would be jobless and how fast will they be able to find new work again? This only shows how important private small and medium businesses are. There would never be a crisis of such magnitude as we saw in 2008 if global economy would be small and medium company based and not giant company based. 

Who failed during crisis and whom the governments tried to save with taxpayers’ money? Not small folks I guess. No, it was these huge mega corporations that are too big to fail. We cannot depend on a few big companies for the health of the whole economy. It is impossible. What if they decide to gamble with taxpayers’ money, which they often like doing? What are we going to do then? 

As you can see I am more against globalization and I hope you understand why. Governments should retain their sovereignties in order for democracy to continue functioning. Countries should be able to decide what is acceptable for them and what is not. Now in Europe, we are told more and more what we should accept and what we shouldn’t, as if we are some sort of brainless creatures. If the process continues we can actually see some sort of dictatorship, which would be a hybrid of communism and capitalism. Let’s pray it does not happen.

Read my previous posts:

Googler thoughts on financial crisis of 2008


Googler thoughts on Libya attack