Latin America is a modern example of this. Many Latin American countries try a form of electoral government until too many politicians from the anti-capitalist parties get elected, then military officers step in and restrict democracy in order to save capitalism. ...
A Reflection Paper on Argentina's Economic Crisis With Argentina mired in its largest economic crisis in history, a proposed devaluation of the currency that for 10 years has been Latin America's strongest was given an approval by the Argentine Congress allowing the government to sharply devalue the currency in the midst of a deepening economic crisis due to the default on its $142 billion national debt which ended the country's 11 years old peg of the peso to the US dollar. ... The country was invaded by American and European capital investing in Mega-Stores and only a few ...
Some economist debate that organized labor and the greed of corporations, especially CEO's lead to a large inequality in America. ... On the other side of the debate are other economists, who say that Americans are wealthier now than they have ever been before and we will continue to get wealthier as a whole. ... The increased incorporation of the American economy into the global markets through trade, immigration and investment is another major cause of income inequality in United States. ... The import surplus into the U.S. is significantly composed of products made by low-skilled an...
Globalization has made this new world market, and the world, as well as the United States of America will benefit greatly from it. ... These markets, located in Alabama and other states in the United States of America, have moved to other places. With cheaper labor in other parts of the world (especially Latin America), the textile market has been "uprooted" and transplanted elsewhere. ...
For example, India's strict caste system remains in place, greatly influencing social action and restricting mobility (eg marriage between different castes is still widely disapproved), and class is salient in some African and Latin American societies which have not reached an advanced economic level. ...
The Roosevelt administration viewed trade as well as labor policy as mutually supportive in terms of the advancing interests of American workers, so that the RTAA had been enacted at the same time that Congress approved important protections for organized labor in addition to U.S. entry into the International Labor Organization (1999). During the 1930s, and throughout the mid-1960s, many unions would actively support the broader objectives of American foreign policy, something that would include trade liberalization ("Civil," 1999). ... They only see that Americans in low paying jobs would...
