Globalization benefits the few from "summary" of Another World is Possible by David McNally
Globalization has been presented as a force that will bring progress and prosperity to all. It is said to be a rising tide that lifts all boats. However, this rhetoric of shared benefits obscures the reality that globalization primarily benefits the few at the expense of the many. The global economy is structured in such a way that wealth and power are concentrated in the hands of a small elite, while the majority of people are left struggling to make ends meet. The benefits of globalization are unevenly distributed, with the wealthy and powerful reaping the lion's share of the rewards. Multinational corporations exploit cheap labor in developing countries to maximize their profits, while workers in these countries are paid poverty wages and subjected to unsafe working conditions. The global financial system is designed to favor investors and speculators, leading to financial crises that devastate the lives of ordinary people. Globalization has also led to the erosion of workers' rights and environmental protections. Multinational corporations are able to circumvent regulations ...
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