What Is Globalization?
What is globalization? Well, if you ask 100 different Americans you will probably get 100 different answers. Many people view globalization as harmless or even as a good thing. Other Americans believe that the United States will never be integrated into a global economic and political system. Still others view it as a future threat that has not arrived yet. Those that consider it to be a future threat are concerned that at some point American sovereignty will end and at that point economic and political power will be handed over to a “world government”. Well, the truth is that all of those points of view are missing the point. Globalization has been happening for decades and it is already very, very far advanced. The U.S. government has already surrendered massive amounts of political and economic power to global organizations such as the UN, the WTO, the IMF and the World Bank. In particular, our economy has been almost entirely merged into the emerging one world economy. Just because we still have a government in Washington D.C. and just because we are still using U.S. dollars does not mean that we still possess our economic independence. The truth is that global bureaucrats have a stunning amount of control over our economy right now, and even as you read this most of the consumer products sold in our stores are made on the other side of the world.
So what is globalization? In an economic sense, it is the integration of the national economies of the world. Just because we don’t have a “one world government” yet and just because we all aren’t paying our bills with implantable microchips yet does not mean that the global economic system has not arrived.