Tuesday, July 13, 2010

Globalization

So, with the advent of the Industrial Revolution came the idea of globalization. While perhaps what started off as an idea whereby industry would be adopted on a global scale, what has followed, and has many Americans in an uproar, is the accompanying job loss here in the U.S. It seems as a result of globalizing industry, coporations have taken root or sent jobs places where maintaing business operations is more economical. While this is troubling for our national economy, is this dynamic not set forth by globalization, and beyond that, capitalism?

Remember when Professor Fitzgerald talked about unforseen forecasts. Is this not one of those things we should have seen coming?

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