Globalization: Myth, reality, problems, America; New York; Feb 19, 2000; by Victor Ferkiss. Examining the reasons of why globalization is the enemy of democracy. Demonstrations against WTO (World Trade Organization) suggest that nations need to reclaim their freedom from external control by controlling cross-country negotiations.A demonstration like no other in Seattle last fall had two results. It paused the World Trade Organization and reintroduced the issue of globalization to the political scene. America today has a very healthy economy. Very low unemployment rates. Stock markets soaring with new highs nearly every day. Although many economist are arguing contrarily to whats factual. Some economist believe that our economy is entering a new stage of Capitalism where the old rules no longer apply. Economist believe that this new stage of globalization of all nations is increasingly being nurtured by the computer and above all by the Internet. Global political and economic mutual action is a new topic. As far as the 15th century, countries combined and made worldwide empires in which almost everything flowed smoothly. In the 1900s the percentage of foreign born in the US was 14% compared to what it is today at only 8%. Most of American growth was financed by Europeans and unpaid loans were plenty. Today the prospects of globalization are far from reality. The recent World Trade Organization can vouch for that due to their un-collaborating disputes. For example, the war between the US and Europe over genetically enhanced resources is a long time issue that hasnt been resolved. To get down on a cultural level, many local cultures are in opposition to American domination. In times of war the economy was torn apart but after war there was a sudden urge of self-sufficiency aided by the President. It seemed to have a momentum of its own. It reintroduced the fact that globalization is not new and that its far from irre...
