Dumping globalization is failing worldwide
Neoliberal dumping globalization is failing worldwide right now. The exploitation of poor countries and cheap migrant workers, wage dumping and social dumping on a global scale are leading us, the U.S. and worldwide to a dead end.
Dumping globalization has brought global competition for the cheapest, not the best, labor, services and products. Where is the downward spiral of lower wages and lower prices leading?
Economic growth worldwide was the goal, more value creation and economic power for all countries and all people worldwide, prosperity worldwide for more and more people. Instead, economic power is becoming more and more concentrated.
Cumulation of capital, concentration of economic power in corporations and cartels cannot be the goal of global and our economic policy.
Once a core of capital or power has formed, more and more of it accumulates. In terms of economic policy, we speak of cartels, monopolies and oligopolies.
Economically, it is recognized that capital and labor are two components of economic life that have opposing tendencies. If capital accumulates without restraint, this leads to the collapse of the system.
