Modern day Capitalism Essay

Custom Student Mr. Teacher ENG 1001-04 17 August 2016

Modern day Capitalism

I know most of us, is familiar with the world “Globalization”. Even though some of us may not know what this means, day in and day out, we hear news in relation to globalization given that the most powerful leaders around the world have been negotiating day in and day out numerous treaties and policies in line with such word. In line with this, numerous people’s organizations from different countries also hold protests against it.

Although1st world country’s leaders continue to defend the concept to be productive for all of the countries of the world, most progressive groups still argue that globalization is a concept that will only widen the gap of the rich and the poor for the years to come. Come to think about it, what really is Globalization? I have to admit, I have an idea of what the word means, but I don’t think I’ve ever come across to one fixed definition for Globalization so far.

I did more research about the globalization and believe me, globalization, as simple as it sounds, is a concept that can be pretty hard to define or grasp as an individual or even as a member of an interest group.. In order to shed some light regarding this controversial topic I will be stating a brief summary of what I know about Globalization so far. In a nutshell, globalization deals with the concept of integrating the world as one. In its main idea globalization was

created for the world to have a free and integrated market when it comes to economics. Although the focus of the word globalization is mainly on business and economics, its effect transcends way beyond that. The integration of business across many different cultures has numerous aftershocks in many different countries. The concept of the word Globalization was born in the year 1962 even if its concept was only well known by the year 1962.

This concept was first further explored by individuals from the field of religion and sociology, this was because, this happened because were looking for ways to explain the failing theories of secularization which caused and even predicted the increasing irrelevance to people in our modernizing world, the end result brought them to the study of integrating economies; globalization. In the 1990’s the pace of globalization came to an uncontrollable increase given the increase of competitive economies that affect the global arena also in the aspect of politics.

With the world’s most competitive developing nations trying its best to be at par with each other in every aspect that they can. Economists were thrilled by the idea at how the world dynamics would change due to the effort to free the global market to toughen economic competitiveness. Every nation with a dream to be the big makers had a plan. The plan was to find a smaller nation to feed on in order for them to prosper. The plan was to feed on the weakness of other in order to be strong. The idea was to pretend to help out 3rd world countries while feeding on its resources and exploiting its markets.

This is manifested perfectly by the way the World bank lends to 3rd world countries. They give them just enough money to develop in producing raw materials that first world countries use and in return, they sell them the products they produce at twice the cost. In the end of the day, the big players will always be the big winners and the poor countries remain at the brink of extinction as they barely make it to survive the global market place. Time and practice has only proven how globalization kills industries that feed our general world population.

Simple fishermen and farmers are now being replaced by big fishing companies and other agricultural companies with the technology to produce fish and crops at twice less the cost. Due to this, our small time fishermen and farmers lose capacity to sell and produce on their own. Given the lack of education and opportunities also available to them, they have no other resort but to be employed by these companies who killed their livelihood and live forever as a slave simply to provide for the basic needs of their families.

If you really think about it carefully, for bigger and stronger nations, poverty has become an integral part of their business strategy. Even rumors has it that some industries would opt to dispose of food products at sea rather than feed it to the poor and lose equity by giving away free food. In the modern day and age of capitalism, we can’t help but wonder where the humanity in people looking to get ahead goes. Success these days is rarely depicted as being happy, rather it is depicted by being rich. I guess that’s the price to pay by choosing this kind of life to get ahead.

I only hope its not too late before we realize what integral part of our humanity we lose in exploring and bathing in the glory presented by modern day capitalism. As I always say, all our choices has consequences that we all have to deal with. In our case now, poverty is only one of the dark sides of capitalism that we have to explore. There are bigger monsters that we must inevitably face. There is the problem of ecological degradation that has been knocking at our door through natural catastrophes like the rise of unpredictable weather change all throughout the t the world.

I know the situation may seem bad, but our doomsday has not yet come and we can still do something to make people realize that the success presented by the concept of globalization will never be enough to justify its negative effects on real people all around the world Reference: Dubner, Stephen. Levitt, Stephen. Freakanomics: A Rouge Economist Explores the Hidden Side of Everything. New York: Harpertorch 2005. Friedman, Thomas. The World is Flat: A Brief Historyt of the Twenty First Century. New York: Farrar, Straus and Giroux 2005

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