Joseph Stiglitz
The basic idea that Joseph glitz talks about is how globalizations hadn’t worked out the same way that most people thought it would. The first thing he talks about is the increasing inequality between the rich and the poor between the people around the world and sometimes within the same country and the fact that globalization has something to do with that. I agree with him on the idea that technology and the education required to use technology have allowed countries like Africa to fall behind which has increased the disparities between rich and poor countries which definitely is a cause of globalization. The international rules of trade are specifically laid down by developed countries such as the U.S and the EU and their agreements usually make the poor countries worst off, this makes sense for those agreements are usually in the interest of the countries that make them. Many people had hoped that with globalization growth rates would be higher; in fact they’re on average lower! And there have been a hundred crises in the last thirty years. All this means that globalization has had a general negative effect on the whole world.
Globalization!
I am going to talk about “no choice”, because of how effective and meaningful that word is. No choice means no democracy, it means that individuals no longer have the choice of their own lifestyle and how they chose to live their lives. Advertisements and logos are everywhere they surround our lives from almost every angle they’re on the streets, TV, radio, cars, subways, petrol stations etc. So people do not have the choice to see them or not, and because they are designed to attract and lure people into its purpose, you no longer have the choice but to fall into its trap. These days people do not buy products because they need them, they buy products because they were convinced by the well-designed ad that it’s what they want. Advertisements have become so powerful