Globalisation Critics

Globalisation Critics

1. 1. Growth of Inequalities

   • Examples: US top 5% own 60%, bottom half own 1%; UK GC 1970 0.25, 2014 0.4; Russia 22% increase living below $2 per day; world GC declining, 1840 0.5, 1988 0.8, 2016 0.65;
     • Scholars: Goodhart (2017); Chomsky (2012); Stiglitz (2012); Stenger (2003); Wade (2001)
   • Crook (2001): "Far from being the greatest cure of inequality, globalisation is the only feasible cure". Davos , 2017, Moyo "significant losses from globalisation". Marine Le Pen " While globalisation has benefited some it has been catastrophic for most"

2. 2. Excessive Power of MNC

   • Examples: Corporatocracy; China 2006 dumping silk in India; EU and US tarrifs on Chinese solar panels; US 6 firms own 90% of media; HSBC HQ bank levy; US airlines dragging passanger off flight; Sexual harassment in Fox and Hollywood (me too campaign), facebook and cambridge analytica; Corperate welfare UK 93bn; state market relationship as a zero sum game; Finance as a Foucauldian Governmentality; Greenwashing
     • Scholars: (Van Der Zwan 2012); Engenel et al (2011); Watson (2016)

3. 3. Excessive power of transnational organisations

   • Examples: Developing coutries own $4tril and counting, costing more than $1.5bn a day in servicing, $34m from the very poorest countries; in 1998 Ethiopias debt was 130% of GDP; IMF imposing economic policy conditional for the loans; China dictating African policies through FDI; milestone round the neck of developing countries
     • Scholars: Chomsky (2012); McCann (2018); Wade (2001)

4. 4. Destrictive effects on labour

   • Examples: Detroit auto industry; Blackpool tourism, 68% voted leave; 1970's 20% fall in real wages US; Gigg economy, Zero hours contracts UK 1.7m; Work intensification; Automation; creative destruction
     • Scholars: Perrucci and Perrucci (2008); Bluestone and Bennett (1982); Rodrik (1997);

5. 5. Cultural imperialism and pointless consumerism

   • Examples: Culture jamming; Whitewashing in Hollywood eg Mickey Rooney as Mr Yunisochi in Breakfast at Tiffanys 1961, Recently Bogges stepped down to playing a Puerto Rican in BBC Proms West side story; Apple battery, built in obsolesence; global brands; Disneyfication; golden arches of conflict prevention; liquid modernity
     • Scholars: Klein (2010); Bryman (2004)
   • Nyerere, First President of Tanzanie " Democracy is not a bottle of Coca Cola that you can import. Democracy should develop according to that particular country"