I have also started to think about capitalism in its current form and have realised that it is not capitalism that is the problem, it is greed and self-centredness. Capitalism has lifted whole nations out of poverty while communism has only created poverty and despair. Unfortunately, greed has led to globalisation which has made the world smaller and created opportunities for international groups to manipulate smaller economies. Consider the size of Microsoft, Apple, Amazon, Alibaba etc. viz most 3rd world countries. Their individual T/o is more than the combined GDP of most African countries. Would they then not have an influence on the governments of those countries where they are operating?
Globalisation has also opened the doors to international money laundering and trading in currencies which can be manipulated in various ways. If you want to buy commodities from a country, would it not benefit you if a currency deteriorated in your favour? Basically, capitalism has been hijacked by corrupt crooks as we have seen in our own country.
Is this pandemic the end of globalisation? Unrestricted movement has led to the spreading of viruses and contamination as never seen before. More people are now realising the value of local manufacturing and protection of your own IP. I am of the opinion that it will take a long time for international trade and travel to stabilize if ever. There may then be more opportunities for local manufacturing and support for local businesses. That is if we do not fall into total anarchy before a recovery can be made.
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