Chapter 15
Globalisation that ruined most nations.
Developed nations depend on smaller and weaker economies for their economic survival.
Poor nations struggle under the weight of bad economic policies and practices of developed countries.
Imagine, the people (some light weighted some others heavy) in the above picture tie a rope around their waist and jump into a ocean.
Who would be benefitted and who would be adversely affected if they need to stay floating and alive?
Unless the heavy ones, keep floating, every others can stay floating. When the heavy bodies drown, it would take along the light ones.
To stay alive, the weaker ones should struggle
more than that is required to float all alone.
The concept of Global economy seem to have two objects:
1. To attract the stronger economies into the net of global economy
2. The real beneficiary are global corporates.
They shift the products, livelihood or employment and wealth at their will, from one society to other while the stronger and weaker nations looks at them totally dazed and helpless.
This shadow economy where the producers of pseudo products, command the three strata of any society. Well-knit with the shadow economies of the other nations, people of the shadow economy are responsible for both the prosperity and problems of the humanity.