Analysis of the mechanisms used by international economic elites to convince people of the virtues of globalisation

ANALYSIS OF THE MECHANISMS USED BY INTERNATIONAL ECONOMIC ELITES TO CONVINCE PEOPLE OF THE VIRTUES OF GLOBALISATION

AND

THE EFFECTIVENESS OF THE REACTION AGAINST GLOBALISATION

Analyze the mechanisms used by international economic elites to convince people of the virtues of globalization.

In my essay paper I will introduce the global elite class defining their structure and the way this organization functions. The representatives of this powerful social and economic group make serious decisions in a secret context. Apart from the world minority, the global system seems to work on their pre-planned scheme. However this type of system requires a lot of instruments and tools for the governance of the 99per cent of the rest of citizens. These tools are very well known and form in the global capitalist society a life routine. I specify the Bank institutions and the Mass Media. Both of them have unreachable power to control people, lifestyles, countries and continents.

We all heard about the term elite that in general use refers to a selected group of persons with intellectual dots as well as wealthy that adopts powerful and dominated positions my means of premeditated and selected behavior. Our light-speed, globally connected economy has led to the rise of new super-elite that consists, to a notable degree, of first- and second-generation wealth. Its members are hardworking, highly educated, jet-setting meritocrats who feel they are the deserving winners of a tough, worldwide economic competition—and many of them, as a result, have an ambivalent attitude toward those of us who didn’t succeed so spectacularly.

Robert Guest Economist Magazine January 22nd edition, distinguishes between three type of global leaders. In the case of the financial leaders, they are characterized by their wealth power, and the ability to easily influence large numbers of people. The political leaders are people who generate ideas or popularize the old ones which affect the way the government work and finally the peril of genius who come up with inventions and affect the way the people live.

Although the origin of the elitist economic group can be traced to a deep period in history, the most known and discussed origin of the global economic elitism started with the Bilderberg Group that arranges annual meeting with about 140 member, most of them with great influence en power in politics and government , finance, industry, education and social communication. The meetings have absolutely private and confidential character. Peter Thompson argues that the Bilderberg group is a meeting point for senior executives of the world's leading multinational corporations and the top national political figures considered together immediate and long term problems. Bilderberg itself is not an executive agency. However, when participants of Bilderberg reach a consensus they have at their disposal powerful transnational and national instruments to achieve what they want to come to pass. Its design is not always achieved consensus is a reflection of the strength of the competing forces of resistance outside the capitalist ruling class and within.1

Some of the participants of these private meetings are world important people: the former secretary on NATO, Presidents of National security affairs, Mayor of Brussels , but also academic people: Professors of Economic, Communication Science , International Relations , as well as the heads of the biggest world banks.2

The strategies used by the economic elites to control and convince the middle-class population of the benefits of the globalization are complex and difficult to define mainly because of the same effect of the globalization: there is not clear delimitation in economical sectors, functions or legal norms.

BIG WORLD RICHER ...

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BIG WORLD RICHER CORPORATIONS, The wondrous inventions of the modern economy like Apple, Microsoft, Facebook apparently improved the lives of middle-class consumers. Consumerism is the key word in the elite economic powers to guarantee their economical, institutional and global powers. Increasingly the creative energies of the species turned to building powerful institutions called corporations, which were dedicated to endlessly increasing consumption through a process called economic growth. The growth soon become a 21st century obsession and few seemed to notices these corporations had taken control of their lives and destroying the social fabric of the society and lives of billions of people.3

The Bank and the loan system represent the key mechanism of the modern economy to make people have a ‘friendly’ towards the loaning institutions. The debt drives the economies of all over the world countries. Individual or private spending accounts for over 60 percent of total spending in our economy.

Most spending no doubt comes in the form of debt, because each of the borrowers is used to the production process .Each borrowed rand is used in the production process, which ultimately maintains a job or two. And to retire that debt also maintains a job or two. Responsible borrowing to a very large extent is what drives the economy.

The countries borrow credit for various purposes, but mostly to provide goods and services to the people. Companies borrow for various reasons, and basic economic theory attests to the fact that companies prefer a regime of low borrowing costs so that they can expand productive capacity.

Debt is the main form of finance used worldwide. In a capitalist society debt has been greatly normalized, with financial institutions being in the business of marketing debt.

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented ... Bankers own the earth. Take it away from them, but leave them the power to create money, and with a flick of the pen they will create enough money to buy it back again ... if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit." - Sir Josiah Stamp, Head Of The Bank of England, 1781. The monetary and financial policies as complement, not replace, structural solutions, and lead to monetary stability and lower interest rates to stimulate investment in the productive sectors and services, while it would take measures to encourage the use long-term credit. However the credit system : the less-wondrous inventions, particularly the explosion of subprime credit helped mask the rise of income inequality for many of those whose earnings were stagnant.

"The media serve the interests of state and corporate power, which are closely interlinked, framing their reporting and analysis in a manner supportive of established privilege and limiting debate and discussion accordingly." - Noam Chomsky

It have been demonstrated by researchers that an increasing level of concentration of media ownership, with many media industries already highly concentrated and dominated by a very small number of firms.4

For instance in UK Robert Murdoch is the legal owner of The News Corporations the , , , , as well as the network all over the world; in the US, he owns the , and the . Since 2003, he also owns 34% of DirecTV Group one of f the largest American satellite TV system, , and , owner of the famous internet recourse like MySpace.

Mass media have important consequences for individual, institutions, society and culture using the power to impose necessary illusions, manipulate the majority. Media used the advertising method to increase the quantity of sold slots in free market, while the advertising methods have developed a mainstream in science and a good investment destination for the economic elites that is the neo-marketing with continuously developing new tricks to influence the majority unconscious of the need to keep purchasing, whatever the reason of that may be: changing, improving or improving the efficiency.

The average-class population is governed in such complex and untransparent system, that difficultly would assume the importance its role in the . According to the economists Emmanuel Saez of Berkeley and Thomas Piketty of the Paris School of Economics, between 2002 and 2007, 65 percent of all income growth in the United States went to the top 1 percent of the population.

If the Corporation elite constitute only 1percent, the rest of the people form the basis for this system to exist, forming the eternal engine for the money creation and circulation. My idea centers in that we are kept in an un-existent financial deficit joined with the minimal life quality in order to have the necessity of moving around the money system and therefore make possible the further existence of real economical system beneficiaries.

Paul Ray and Sherry Anderson dray a conclusion about cultural group in United States. More than 48 per cent of the adult Americans accept and commercialize urban industrial world as the oblivious right way to live focusing on material progress and want their children to be better off materially than they were.

In reaction to these landscapes, the global movement for a living democracy announced itself in November 30, 1999 in Seattle, Washington. There is a large history of actions that demonstrates that there is continuous struggle between the system and the respectable freedom: the protest in Papua New Guinea protest against the imposition of the World Bank to deepen the exploitation of their lands and resources by transnational corporation. Another more recent demonstration had taken place in Madrid in December, 1995 against the bi-annual Summit of the European heads of states. Thirteen thousands Thai farmers were protesting the take-over of their lands by foreign corporate interests. For the first time in the history line the entire population understands that the global market is irrational and the most marginalized and poorest economies are the most vulnerable to sudden changes in the interest rates or investment decision that World Bank entities establish.

In conclusion, it is very difficult to give any opinion about the effectiveness of the reaction against the globalization because there is a delicate political and economical situation over the world. The global crisis take make the scenario take different views very often. Many countries are waiting for the following decision of the World Bank, World Trade Organization, and the International Monetary Fund.

However, the last couple of years a serious rage of world protest, campaign, demonstration and occupying are taking place. Africa, Europe, America and in some parts of Asia people are becoming more conscious of the lack in the present system and start fighting pacifically in order to appeal for a democratic change. The result of such massive activism is momentary uncertain as it is uncertain for the political system.