So, my teacher was talking about how the current path to globalization is fantastic and everyone wins in the end.
He gave what he called "the perfect example" and explained that in the past the U.S. steel industry was closed off from the rest of the world to protect it. Because of this, the steel industry in the U.S. had no competition, so it had a complete monopoly and could raise the price at will. The result was higher costs of steel products and inferior steel products i.e. greed and laziness.
Indeed, he gave the perfect example, which I used this as the perfect example of how the current path to globalization is incorrect. If a corporation becomes globalized to where it becomes a monopoly and controls an industry world-wide, then the same thing will happen as had happened with the U.S. steel industry, except world-wide. Ultimately, the only way this path to globalization will work is if there is external pressure from an unknown variable that is equivalent to Earth or greater.
The teacher paused and reluctantly agreed.
Personally, I agree globalization is the future of the human species and should be welcomed with open arms. However, I do not agree with the current path to globalization. What do you think of globalization?
It is not the urge to surpass all others at whatever cost, but the urge to serve others at whatever cost.