Global Corporatisation
- From: "Why So Singaporean?" <jimbo88@xxxxxxxxxxx>
- Date: 8 Aug 2005 23:52:01 -0700
Everywhere in this world big and huge corporation are very smart in
amassing wealth from the sale of products and services. The consumers
of these products and services are ordinary citizens of different
nations.
While they are making billions of dollars in profit every year, they
are also laying off workers and no longer create jobs for the citizens
of these nations, even though they are profitable. One reasons is to
maximize profit and cut costs and also for the excuse of maximizing
returns for shareholders, which represent only small proportion of the
global citizens.
Will the wealth distribution of the world become more less equitable
and the income disparity between different nations and between citizens
in nations continues to widen?
Every year you could see in Fortune magazines that more and more
billionaires and millionaires are being created, but at the expense of
corporation savings by laying off workers and costs cutting measures.
What is the impact of this situation? What will more and more
unemployed people do? Will people be living in a state of despair or go
into crime or become potential recruits for terrorism? Should we
rejoice or should we despair?
.
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