Tag Archive: Globalization = Permanent Instability

Globalization = Permanent Instability

Globalization = Permanent Instability Globalization continually creates imbalances that fuel a perpetual instability that gradually impoverishes every sector other than global capital. Globalization has two guaranteed consequences: permanent instability and endless boom-and-bust cycles. As noted in Forget “Free Trade”–Focus on Capital Flows, the key engine of globalization is mobile capital: capital that can borrow money for next to nothing in one nation and then move that capital to other nations where yields are higher and opportunities for exploitation riper. This mobility of capital is an enormous benefit to the owners of the capital, but it creates extraordinary instability for those… View Article