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Corporate Globalization and Greed


What Is Corporate Globalization?

What is "corporate globalization?" What does this phrase mean?

Large corporations reach across the world. They have offices and factories in many different countries. They have the financial resources to develop an underdeveloped country by introducing western automation in production and advanced technology. They change people's lives in an underdeveloped country, and not always in a good way. This is corporate globalization.

Corporate globalization has already taken over the world. 60 of the world's top 100 economies are not countries but corporations. For example:

  • Royal Dutch Shell's revenues are greater than Venezuela's Gross National Product.
  • Walmart's revenues are bigger than Indonesia's.
  • General Motors revenues exceed the revenues of Ireland, New Zealand, and Hungary, combined.

These transnational corporations essentially own the world. It's a scary thought: the world is, in effect, owned by greedy corporations. Corporate globalization is responsible for the economic mess we find ourselves in today. Corporate globalization is also responsible for the environmental mess we find ourselves in, today.

Corporate globalization has no conscience. The only thing these mammoth corporations recognize is profit. They have no other motive; no other reason to exist. Human values are non-existent in corporate culture, and that's why corporate globalization is such a bad idea.

With the formation of the World Trade Organization in 1995, these large corporate interests wrested control over patents, tariffs, environmental and food safety laws, labor laws in underdeveloped countries, laws regarding ocean fishing, and many other aspects of the legal processes to safeguard human interests across the world.

Quality of life, especially in underdeveloped countries, has been sacrificed to corporate greed.

The environment and the health of our world have been negatively impacted by these same transnational companies under the auspices of the World Trade Organization.


Why Corporate Globalization Is a Problem

Corporate globalization has been responsible for some of the most atrocious mismanagement of resources both natural and human. The World Trade Organization has been the mouthpiece for those corporate culprits to take advantage, worldwide, of the privileges of wealth, to the entire disadvantage of most of the people on the planet.

When a crime has been committed, the first question the police ask is, "Who benefits?"

"Qui bono?" is a Latin adage which means much the same thing—who has a hidden agenda to profit? Things are not always as they appear to be.

  • With only one exception, the WTO has ruled against every single health or food safety law.
  • Nations whose laws were declared trade barriers by the WTO have eliminated or seriously watered down those policies to meet WTO requirements.
  • Decision-making is dominated by the "Quad"—the United States, The European Union, Japan, and Canada. The rules and regulations are made by "trade advisory committees".
  • For example, the US International Trade Advisory Committee on Energy is composed exclusively of representatives of the mega-corporations in oil, mining, gas and utilities whose corporate globalization reaches across the world.

It's Destroying the Environment

Corporate globalization has no respect for the beautiful world we were given! What precious bounty we started with—a world so rich in resources, rich in water, in trees, and in land! How rich in fish, how varied in fecund and awe-inspiring forms of life.

Corporate globalization is systematically destroying all these bounties of nature.

What have we done with the beautiful world we were given as a home? What are we doing with it?

We have polluted our water, our land, our air. We've polluted the ocean with oil. We've made a desert where there was once a green meadow. We're reduced to bottom-trawling the ocean for fish, irrevocably destroying the ocean bed environment and irrevocably damaging the ocean ecosystem. All for the sake of corporate globalization.

We've chopped down the rain forests, turning that awesome canopy of trees into charcoal to feed the factory furnaces in developing countries. We've irrevocably harmed the global environment in the process. All for the sake of corporate globalization.

We've destroyed or seriously reduced whole populations of wild animals. All for the sake of corporate globalization.

And in human terms? Who benefits and who is harmed?

  • Women are 70% of the world's 1.3 billion absolutely poor people. Worldwide, women bear the brunt of the economic transition and financial crisis caused by the market forces of corporate globalization.
  • 75% of the people in Mexico live in poverty today, as opposed to 49% of the people living in poverty before Mexico entered the North American Free Trade Agreement. The number of Mexican people living on less than $2.00 USD per day has increased by 4 million people since 1995.
  • Yet well over 300,000 United States jobs have shifted to Mexico, especially in the apparel and electronics industries.

And in Mexico, they've cut down all the trees. These global trade agreements generated booming industrial development in Mexico, but with little investment in the environment. As a result, International Paper and Boise Cascade have cut down some of North America's intact forests in Mexico. The result?

Environmental pollution and related public health problems have vastly increased along the Mexico-US border.

Nobody benefits. The people are even poorer than before. The globalized corporations got a little richer, that's all. In 1950, the average income of the people living in the wealthiest countries was 20 times the income of people living in the poorest countries. Now, the average income of the wealthiest countries is 60 TIMES that of the poorest countries. These people have not been aided in the least. They have been harmed, not helped, by Western industrialization and corporate globalization.

This story is repeated over and over: in Latin America, in South Asia, in Ecuador, in Brazil, in Chile and Paraguay, in the Caribbean, in Eastern Europe, in Zambia, the Philippines; in Jamaica; in sub-Sahara Africa.

All these people are much, much poorer than they were before corporate globalization. Their countries' resources have been exploited and used up. The number of people living in absolute poverty has grown exponentially worldwide. The global environments and ecosystems are irrevocably harmed.

All for the sake of corporate globalization.

This happened in the sub-Saharan desert region of Africa:

The World Bank, the International Monetary Fund, and the World Trade Organization, all tools of corporate globalization, imposed "structural adjustment policies" on 36 countries in the sub-Sahara region of Africa. These people were already living, more than half the people were already living, in absolute poverty.

The "structural adjustment" policies imposed on them made them shift to cash crops for export and decrease domestic consumption of food.

So many people died. So very many children starved to death.

All for the sake of corporate globalization.

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.


kskimmie1@gmail.com on December 05, 2017:

globalization of the world's population. specifically no boarders. how does this benefit WTO?

DesmondDiz from United States on January 11, 2012:

Its so sad to know this as our reality...

Paradise7 (author) from Upstate New York on July 06, 2011:

Thank you so much for the comment,. Jared. I'll definitely look into Codex Alimetarius. Thanks!

jaredbangerter from New York City on July 06, 2011:

This was incredibly detailed and informative. Corporate Globalization is the bane of our world. Any world based around monetary governments is bound to breed corruption and tyranny.

Have you looked into Codex Alimentarius? It's something I think would interest you, if you haven't yet. It's a world trade commission that is making it so nutrients are no longer legal. They are toxins and they are being made illegal in the way that heroine is illegal. So since they are defined as toxins, our governments must protect us from nutrients. To do that they are genetically engineering food to be nutrient deficient as well as overloading livestock with growth hormone and other horrible stuff that makes it much less nutrient dense.

sligobay from east of the equator on June 26, 2011:

We are of one mind.

Paradise7 (author) from Upstate New York on June 26, 2011:

They are criminal acts, causing suffering on a world-wide scale without any regard to humanity.

Thank you for the very insightful comment, Sligo Bay.

sligobay from east of the equator on June 26, 2011:

Since the dawn of Athenian democracy, there has been compromise between the haves and have nots. For only fifteen years, has this imbalance become manifest with demonstrable economic, environmental, social and political disaster. The culpable have hidden behind the corporate veil. Pull back the veil of the Wizard of Oz and witness the midwestern showman who unmasked can be made to answer personally for this debacle. Corporations must be made accountable by criminal penalties imposed directly upon the decision makers. These acts are all criminal afterall.

Paradise7 (author) from Upstate New York on June 21, 2011:

Oh, no, not a futile thought at all, but a very valuable one. The first half of the battle is public awareness, and that's where the internet is an invaluable tool. Thanks for the input, Duchess, I didn't mean to come across as so negative on your ideas.

Duchess OBlunt on June 21, 2011:

I get that, but I wasn't thinking in terms of grassroots lobbies. Perhaps I was dreaming in thinking that someone somewhere had a good idea that WOULD work. Too bad there wasn't some place on the net where you could brainstorm these ideas. But then again, they'd be out there watching that group too - wouldn't they?

Futile thought?

Paradise7 (author) from Upstate New York on June 20, 2011:

Thanks, Duchess. I really don't know what the answer is. I don't think grassroots lobbies work anymore, I don't think the voice of the people is heard anymore, because the governments are pretty much run by large corporate interests.

Duchess OBlunt on June 20, 2011:

Gutsy hub Paradise7 and very well done. To the point that we are too small to do anything about it, AND to the point that the internet is making the world smaller - perhaps there is something that can be done collectively using the tool that is the internet?

Perhaps your next hub?

Great job

mico on May 11, 2011:

large corporations shud be global with effort to develop 3rd world and africa to reduce poverty

Paradise7 (author) from Upstate New York on May 07, 2011:

Thank you so much for that comment, MGP. I often wish I could be more proactive, DO something about it, but those huge corporations are too big to fight, it sometimes seems.

I'm grateful for the freedom of expression we have here. We can at least expose the problem publicly, and hope that rising awareness will eventually lead to some changes.

Maria Giunta from Sydney, Australia on May 06, 2011:

Great article Paradise7, the WTO has a lot to answer for but who is going to oppose them? DonDWest is right, how can ecofuel have a chance when the WTO and the oil companies seem to have absolute power?

I heard a great quote from an environmentalist (Captain of the Rainbow Warrior whose name escapes me) on a local chat show some months ago, he said, "Animals don't need humans to survive but humans need animals. If we keep destroying animals and the eco system then what? Think of it like this, we humans are the crew of a space ship and the animals are the captains, if we keep destroying the captains how will the crew know what to do?" Or words to that effect.

Will humanity survive if we keep going with corporate globalization and greed? Sad isn't it?

Paradise7 (author) from Upstate New York on April 29, 2011:

Thank you,, Chatkath, for that comment.

Kathy from California on April 29, 2011:

Very insightful and accurate piece! An unfortunate truth that many are still unaware of! Thank you for sharing, however unpleasant, awareness is the first step to change!

Paradise7 (author) from Upstate New York on April 29, 2011:

Thank you, sofs, for your comment. I agree heartily.

Sophie on April 29, 2011:

The greed and the hidden agenda of huge corporates are not very different from the exploitation of the underdeveloped nations by the more developed ones. Slavery and exploitation have different names in different times and settings. The rich are becoming richer and the poor poorer. The corrupt, corrupter .. sad indeed. :( Thought provoking hub.

Paradise7 (author) from Upstate New York on April 28, 2011:

It sure is. Thanks for the comment, Susannah.

susannah42 from Florida on April 28, 2011:

The world is getting smaller now with internet.

Paradise7 (author) from Upstate New York on April 28, 2011:

Thank you, gitrdun and Doug, for your insightful comments. I was naïve enough to believe, for a long time, that the Western global expansion to develop so-called third-world countries was a benefit to the developing nations. Not so, not so.

My eyes were opened during the "Battle of Seattle", in 1995, when the WTO first came to America for a summit meeting. Protestors, who had come from all over the world, shut the meeting down. This involved many violent confrontations with police.

Doug Turner Jr. on April 27, 2011:

Just as the devil convinced the world he doesn't exist, so do the corporations mask their greed-driven activities under the rubric of governmental policy. In the end, the public is somehow convinced that these horrible acts of greed which profit a small percentage of the elite, are performed for the benefit of everyone.

This article is interesting, informed, and at a perfect length. I can see you're good at what you do. Cheers.

gitrdun4444 from North Carolina on April 27, 2011:

Great hub. So very true and devastating! We have done it to ourselves for the most part. I can only hope it's not too late for this all to change...but it won't ~ that's reality...and sad! Thanks Paradise!

Paradise7 (author) from Upstate New York on April 27, 2011:

Good point, Don. I thought that message might also be implied with the thrust of this article. I couldn't have said it better than you did, though!

DonDWest from Halifax, Nova Scotia, Canada on April 27, 2011:

Good Hub, but I feel you forgot to mention the biggest crime of corporate globalization. While the environmental devestation and economic ineptitude are huge issues, in the end, the planet is resilient and will survive. We're resilient and will survive as well, though it may take a hundreds of years to fix the damage done by corporate globalization.

The biggest crime I feel is the death of the human innovative spirit. Do you honestly believe someone would be permited to build a substitute for oil in this gloabalized corporate environment? Power corrupts, and absolute power corrupts absolutely.

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