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Recommend "Michael Payne" - The Impending Demise of Globalism; How It Will Cripple Corporate America (Email)

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http://www.opednews.com/articles/The-Impending-Demise-of-Gl-by-michael-payne-110815-712.html

August 15, 2011

By michael payne

Globalism, which has enriched Corporate America, has been an absolute disaster for U.S. manufacturing and the American worker. But, as the saying goes, all good things must come to an end. So let's make an objective analysis and a prediction of how globalism, the darling of the free traders and transnational corporations, will cease to be the driving force of the world's commerce.

What exactly is globalism? Generally defined it is a "socio-economic system dedicated to free trade and free access to markets." It's an innovative form of international commerce whereby nations think of marketing with a world view rather than their own national view. Trade between nations has been going on for centuries but under globalism and the evolution of gigantic transnational corporations, it has become far more intensive and much more sophisticated.

Think of the monumental volume of products and raw materials that are exchanged day in and day out between nations via air transport and ocean shipping; the enormous trade that goes on between the U.S. and China and Japan, albeit most of the traffic is for exports to America rather than exports by America; the volume is staggering.


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