The Advantages of Globalisation Far Outweighs Its Disadvantages. Discuss Essay Example
Globalization is inevitable in the capitalist system as businesses strive for higher profits by seeking the lowest cost base and the broadest markets. This involves acquiring or eliminating smaller competitors. Additionally, there is the impact on pension systems, as the retirement funds of millions of individuals depend on the continuation of a growing stock market. Governments are hesitant to interfere with the pensions industry, which is as globalized as international trade itself, as they are also reliant on it. The purpose of globalization is not to benefit any specific country; if it does disproportionately benefit a country, it suggests that adjustments are necessary for proper functioning.
The primary objective of business is to solely benefit shareholders, neglecting any other stakeholders. Throughout history, local culture and tradition have consistently faced threats and inflicted damages. Irish traditional culture has b
...een gradually declining for many years. The language is on the brink of extinction, and Welsh is following a similar fate while Cornish has already disappeared. This phenomenon can be attributed to the natural course of evolution. Stagnation is not a genuine state, as entropy is the prevailing norm. As minor languages fade away, larger languages emerge stronger, eventually splintering into subsets, dialects, and eventually new languages. Movements opposing globalization should be embraced, alongside any battle for human independence and dignity. Nonetheless, these movements are ultimately destined to fail.
The faceless ones, who possess financial power and influence over those in political power, triumph. The United States' prolonged battle against Communism was not just a conflict between political ideologies. Its purpose was to safeguard America's Business, also known as Capitalism with a capital "B," and the means to accomplish thi
was to protect the worldwide market. This is evidenced by the immense happiness surrounding Nixon's visit to China and the subsequent promises of increased import opportunities upon his return.
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