Economic aspect of sweatshops

The location of Savar red markerthe site of the building collapse, in relation to Dhaka Photo of Rana Plaza taken one year before the collapse.

Economic aspect of sweatshops

Criticisms of Current Forms of Free Trade — Global Issues

Increasing charities are a sign of fundamental, structural flaws. Simplistic Ideology; Rhetoric versus Reality Free trade and free markets are essentially about making trade easier by allowing the market to balance needs, supply and demand. Within a nation, it can be a positive engine for development.

With the Cold War over, politicians, economists and others have been promoting unfettered free trade and free market ideology, pushing it to an even wider international arena to facilitate international trade.

Though, as will be suggested below, the current system in its reality is hardly the free trade that the theories describe. While these are not new ideas, their resurgance in the last few decades has led to naming Economic aspect of sweatshops ideology as neoliberalism.

Richard Robbins, quoted above, also summarizes p. Sustained economic growth as the way to human progress Free markets without government allow for the most efficient and socially optimal allocation of resources Economic globalization is beneficial to everyone Privatization removes inefficiencies of the public sector Governments should mainly function to provide the infrastructure to advance the rule of law with respect to property rights and contracts.

COSATU Secretariat Report to the 9th National Congress

Ideas such as markets being self-balancing to meet supply and demand, while increasing propsperity for those who participate freely sounds very appealing, in theory.

However there are increasing concerns that go to the heart of the system itself such as, What about the reality of the current form of globalization, compared to the theory? How has it affected various segements of society around the world?

What has been the impact on the environment? Is it even free trade?

Economic aspect of sweatshops

How have the functions of power and politics which cannot be ignored affected the process of globalization? Many in the developing world have been welcome to the ideas of globalization, but are wary of the realities as well.

For example, on November 16,during a lecture at the British Museum Nelson Mandela saidWe welcome the process of globalisation. It is inescapable and irreversible. It must not allow the most economically and politically powerful countries to dominate and submerge the countries of the weaker and peripheral regions.

It should not be allowed to drain the wealth of smaller countries towards the larger ones, or to increase inequality between richer and poorer regions. These types of concerns have given rise to many criticisms of the current form of globalization, and given a bad name to free trade free market capitalism in various circles.

Robbins goes on to point out some of the assumptions that are made to support the neoliberalism ideology: Humans are motivated by self-interest, greed etc, expressed best through pursuit of financial gains Actions that result in greatest financial gains benefit society the most Competitive behavior is more rational for individuals than cooperation, hence societies should be structured around this motive Progress is measured by increased materialistic consumption and so ever more consumption should be favored.

There are elements in the above assumptions of what some have called Social Darwinism or others have described as survival of the fittestin a literal sense, to human societies. Yet, Cooperation is also often a survival mechanism as is competition, and sometimes these can go hand in hand or even overlap e.

While there are no doubts elements of self-interest in human nature, there are also elements of cooperation due to the perceived need for a stable society in which to live.

And cooperation also predates just modern civilization, and can also be seen in hunter-gatherer societies, as pointed out by anthropologists, such as Robbins, quoted above, and Jared Diamonds, author of Guns, Germs and Steel W.Aimed at both the intelligent layman and the professional economist, this book is the most comprehensive and intellectually powerful explanation of the nature and value of laissez-faire capitalism that has ever been written.

These are the basic political ideologies that are prevalent in contemporary times. Of course, these are largely simplified, and most people don’t adhere purely to one ideology, but adopt concepts from multiple ideologies.

In accordance with Immanuel Kant’s ethics, opponents of sweatshop dispute the arguments justifying unconscionable wages by asserting that sweatshop sweatshops overlook human dignity and human rights (Kant , p).

Aug 18,  · Globalization is a phenomenon that has remade the economy of virtually every nation, reshaped almost every industry and touched billions of lives, often in surprising and ambiguous ways. The Savar building collapse or Rana Plaza collapse was a structural failure that occurred on 24 April in the Savar Upazila of Dhaka District, Bangladesh, where an eight-story commercial building named Rana Plaza search for the dead ended on 13 May with a death toll of 1, Approximately 2, injured people .

The Paradox of Dominate Ideologies in the Fight of Social Justice. - Art is used in mass media to influence people, especially people in the generation and culture we live in today.

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