Tuesday, November 24, 2015

Jack Bexell, Chapter 11, Question 5

"At the other end of the political spectrum, the antiglobalzation coalition access the World Bank and IMF of acting as capitalist lackeys forcing globalization on the developing world and leaving poor countries saddled with large debts in the process. The organizations' meetings have become an occasion for violent protest."

Because of the big companies, the worlds progress in total is staggered. Countries who are already behind in development are left further behind due to their large debts. This stuck out to me because it confused me why this is even a cycle. Shouldn't there be a system that when a country is developing behind the rest of the world, there is a force pushing it back to the line of the norm, instead of leaving in behind? Humanities need for competition does not help in most cases of inequality. For example, when a child wants to play with a certain toy, and another child sees that child's wanting for that activity, the other one competes for that toy and leaves the other child with nothing. Same is this system of the development. When the big coalitions force the globalization, the rest of the developing world gets stuck in the hole of debt.

1 comment: