The Heavy Price of Globalization

The Heavy Price of Globalization We all know that "Made in the USA" is basically none existent, nowadays. Our clothes come from China and other parts of the Far East. Our primary goods, such as fruit, come from many parts of Latin America. And Japanese corporations make half of our cars. Our US firms are heavily involved in foreign commerce, both by lending money abroad and owning firms in foreign countries. In the early 1990's …

…is inherent in a globalize economic system. We should also be clear that this system was put in place through intentional policy choices orchestrated by the powerful and well-organized economic interests that have benefited from it. As a solution, we can just as well put in place policies that result in a sharing of the benefits of technological change, and return both economic and political power to the local communities where people live and work.