How Globalization Went Bad
HOW GLOBALIZATION WENT BAD
Article 51: How Globalization Went Bad
From Terrorism to Global Warming
Emily Hudak
Dr. Trautman
January 20, 2011
Abstract
Steven Weber believes that “evils of globalization are even more dangerous than ever before.” In his article he describes what has gone wrong, gives reasons for the instability, and provides solutions.
Article 51: How Globalization went Bad
From Terrorism to Global Warming In the Article “How globalization Went Bad” by Steven Weber et al. the author describes several reasons why having the United States as the single super power in this modern global market is not exactly a good thing. Weber says that the “evils of globalization are even more dangerous than ever before…The world has more international terrorism and more nuclear proliferation today than it did in 1990. International institutions are weaker, and the threats of pandemic disease and climate change stronger. Cleavages of religious and cultural ideology are more intense, and the global financial system is more unbalanced and precarious.” All of this is due to several key factors. In a section called “The Dangers of Unipolarity” Weber describes three axioms that he says reveal these dangers, and he goes on to provide a solution to the United States’ burden with two strategies.a “Axiom 1: Above a certain threshold of power, the rate at which new global problems are generated will exceed the rate at which old problems are fixed.” According to Weber “power does two things. It enhances the capability of the state to do things…and increases the number of things the state must worry about.” Weber compares this theory to the law of diminishing returns. Because powerful nations are so influential in every corner of the world, they can do anything by using leverage resulting in the creation of massive debt. Every powerful nation has fallen to “the law of diminishing returns.” Weber blames the fall of Byzantines and the Romans to this idea.
Article 51: How Globalization Went Bad
From Terrorism to Global Warming
Emily Hudak
Dr. Trautman
January 20, 2011
Abstract
Steven Weber believes that “evils of globalization are even more dangerous than ever before.” In his article he describes what has gone wrong, gives reasons for the instability, and provides solutions.
Article 51: How Globalization went Bad
From Terrorism to Global Warming In the Article “How globalization Went Bad” by Steven Weber et al. the author describes several reasons why having the United States as the single super power in this modern global market is not exactly a good thing. Weber says that the “evils of globalization are even more dangerous than ever before…The world has more international terrorism and more nuclear proliferation today than it did in 1990. International institutions are weaker, and the threats of pandemic disease and climate change stronger. Cleavages of religious and cultural ideology are more intense, and the global financial system is more unbalanced and precarious.” All of this is due to several key factors. In a section called “The Dangers of Unipolarity” Weber describes three axioms that he says reveal these dangers, and he goes on to provide a solution to the United States’ burden with two strategies.a “Axiom 1: Above a certain threshold of power, the rate at which new global problems are generated will exceed the rate at which old problems are fixed.” According to Weber “power does two things. It enhances the capability of the state to do things…and increases the number of things the state must worry about.” Weber compares this theory to the law of diminishing returns. Because powerful nations are so influential in every corner of the world, they can do anything by using leverage resulting in the creation of massive debt. Every powerful nation has fallen to “the law of diminishing returns.” Weber blames the fall of Byzantines and the Romans to this idea.
References: Fry, E. (2011). The persistent myth of american economic dominance. Daily Reckoning, Retrieved from http://dailyreckoning.com/the- ersistent-myth-of-american-economic-dominance/ Okolo, S. (2011). Ezine articles. Retrieved from Http://ezinearticles.com/?Reasons-for-Globalization&id=1132215 Weber, S., et al. (2007). How globalization went bad. Annual editions: American Government, 2010-2011, 201-204.