Capitalization And Globalization Medicine

By: Tom Morgan

Capitalization and globalization medicine

Imagine your job was to keep millions of poor children alive. But for far too many, you failed.

You tried all kinds of programs. You tried educating their parents. You tried government food programs. You tried aid to their countries. You shipped in millions of tons of food.

You did this for half a century. Longer. Yes, you saved many. But you lost far too many.

Then, finally, you tried something else. Two medicines: Globalization. And capitalism.

“Oooh, nasty medicines,” people told you. They berated you for introducing them. Because they would make capitalists fat, not the children. They would make some folks rich, but leave poor folks behind.

Well, suppose the medicines worked? Worked far better than all the remedies you tried over 50 years. Do you suppose you might come to the point of praising those medicines?

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That is the situation a lot of capitalist haters find themselves in. They demonstrate against globalization. They despise big oil companies. Hate big retailers. Loathe big steel and big car companies, big anything. They feel capitalism wrecks economies. They yearn for socialism.

Yet socialism was the medicine that failed. In India. In China. In Korea. It failed hundreds of millions of kids. They died from malnutrition. And diseases that killed them easily because they were malnourished.

The socialists had their chance. They failed.

As you know, capitalism has invaded parts of the world where socialism ruled for decades. Free markets have triumped over government-controlled markets. Globalism has poured cheap goods from around the world into countries that used to prohibit them. In order to protect local producers.

One of the results was announced by the UN Children’s Fund recently. The deaths of young children worldwide has hit an all-time low. Even though the number of children keeps growing. (The rate is slowing.)

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