11th April, 2021

Globalism is Economic Imperialism
By Jonathan Bluestein


Do you ever wonder why the food and real-estate prices seem to keep climbing everywhere, with no end in sight? There are plenty reasons for this, ranging from bad government regulation to cartels extorting avocado growers in Mexico. But herein I wish to present another, novel point of view, you may have not considered.

Do you live in a rich neighbourhood? There is a reason that, for the most part, only the wealthy prefer living in rich neighbourhoods. This has little to do with the company you keep, or even the location being a status symbol. Plain and simple - everything in a rich neighbourhood is more expensive. First the real-estate of course, but also many other items and objects which your heart may desire. When people are willing to pay, and can, then there is more demand. When demand is higher but supply is overall the same, the prices go up.

Globalism is the process through which, the entire planet becomes a 'giant rich neighbourhood with lots of poor residents'. That the wealthiest can obtain products from everywhere around the world, via international travel and online trade, means that any local market can be filled with buyers who are willing to pay more than the local population. The market then naturally adjusts by raising its prices over time. However, the local population cannot sustain the rising cost of living, and thus are slowly being impoverished, unless they are willing to relocate to a cheaper area and market, or somehow manage to earn more - something most of them cannot.

But retreat is futile, for with the Internet and ever-evolving modes of transportation, the rich continue to arrive at even the most remote places. They numbers are increasing, too. Moreover, that in takes very few rich consumers, to push up market prices. For Capitalist Economics are based on trends which over-compensate, and not on proportional answers to the market demand. They are designed to over-do what is asked of them, in order to compete.

Thus, we may observe that Globalism, which also has many wonderful merits for the human race, is truly a form of Economic Imperialism in disguise. It allows the stronger economies of first-world nations to assume dominance over the market forces of weaker ones, and subdue them entirely. The weaker markets bend to the will of the strong, as local sellers desperately attempt to peddle their goods for higher prices, in their dream of enrichment. Yet those same sellers can then not afford the products, of their fellows who have done the same.