MB said...
Interesting post.... you may also analyze the benefits...
9/28/2006 01:36:49 AM "
Well i feel i showed here that so far in globalised USA the benefits are mostly going to the rich the middle class loses a lot and the people suffering abject poverty benefit a little bit. So there are benefits to a rich elite. I am not arguing whether there are benefits the question is WHO BENEFITS!
I don't think that i have a lot to add to the blissfully-happy-made-in-disneyland-story we are fed by corporate owned media, but it basically comes to this, globalisation will make investment flow to places like China, where the wonderful democratic government there will be delightedly more strong and will be allowed to continue to rule without elections legitimised by all the wealth generated by selling off the labour of their citizens and the lack of decent working conditions, and will continue the good charitable work its been doing for decades keeping in place North Korea's also excellent eternal president and dearly loved leader Kim in his quest to get nuclear weapons so he can nuke california. Spreading freedom my ass... If there is money to be made capitalists would prostitute their mothers...
The investors in the USA, britain etc will get a good return of course particularly because the salaries in china are not exactly fabulous but prices for the goods in the west drop but nowhere near how little the cost to the manufacturer is. While also the important thing you know like healthcare and pensions disappear or become expensive and unaffordable, we can however afford toasters that surf the internet! OR we can afford to buy a device where our boss can email us on a sunday that our job has gone to india! (great)
But returning to the comment, i 'll bite the bullet lets do a case study!
Globalisation changes lives, lets see it through the life of a major investor in China, Rupert Murdoch, and what the advantages of globalised profits are and how they enhance (Rupert's) lifestyle so he can shape it exactly as he wants.
Of course these investors were rich anyway and already live in big houses and need a little extra help with getting the 7th yacht (to match the 7 seas) and to marry more young girls
(see pic) and Rupert's alimony payments and lawyer's fees and hair dye are surely more deserving causes than a pension for you or I (scum that we are as we are not investors in china and we selfishly want to raise a family and give them an education and have roof over our head and other deviant bahaviour like that).Lets all help people like Rupert through low corporate taxation (proprietor of Fox news, The Times, The Sun, Sky television, more here)
Who after all is a self made man: (Murdoch was born in Melbourne, Australia. His father was Sir Keith Murdoch, a well-connected member of the Australian gentry, working as a journalist and adviser to Billy Hughes, the Prime Minister of Australia and who became Australia's most influential newspaper executive and media owner. Murdoch's mother is Dame Elisabeth Murdoch, née Elisabeth Joy Greene, daughter of Rupert Greene and Marie Grace de Lancey Forth. At the age of 97 Dame Elisabeth remains a strong influence on Rupert. The young Murdoch was educated at Geelong Grammar School and later at Worcester College at the University of Oxford.)
Family life (lets see what we should all aspire to in this brave new world)
Murdoch has been married three times. His first marriage in 1956 was to Patricia Booker, with whom he had one child, Prudence Murdoch McLeod. They were divorced in 1967. Very little is known about their marriage, and Murdoch has never spoken about it publicly.
In the same year, he married an employee, Anna Tõrv, a Roman Catholic of Estonian extraction. The timing (and Murdoch's subsequent behaviour) suggests that he had begun the relationship with Tõrv well before his marriage to Patricia ended.
Torv and Murdoch had three children: Elisabeth Murdoch (born in Sydney, Australia August 22, 1968), Lachlan Murdoch (born in London, UK Sept 8, 1971), and James Murdoch, (born in Wimbledon, UK Dec 13, 1972). Anna and Rupert divorced acrimoniously in June, 1999.
Anna Murdoch received a settlement of some reported US$1.7 billion in assets. Seventeen days after the divorce, on June 25, 1999, Murdoch, then 70, married Wendi Deng, then 30, a recent college graduate and newly appointed vice-president of STAR TV. She had previously married, in 1990, Jake Cherry (born 1937), from whom she was divorced in 1992. Anna Murdoch was also remarried, in October 1999, to William Mann.
Murdoch has since had two children with Wendi: Grace (born in New York November 19, 2001) and Chloe (born in New York July 17, 2003).
There is reported to be tension between Murdoch and his oldest children over the terms of a trust holding the family's 28.5 percent stake in News Corporation, estimated in 2005 to be worth about $6.1 billion. Under the trust, his children by Wendi Deng share in the proceeds of the stock but have no voting privileges or control of the stock. Voting rights in the stock are divided 50/50 between Murdoch on the one side and his children of his first two marriages. Murdoch's voting privileges are not transferable but will expire upon his death and the stock will then be controlled solely by his children from the prior marriages, although their half-siblings will continue to derive their share of income from it.
It is Murdoch's stated desire to have his children by Wendi Deng given a measure of control over the stock proportional to their financial interest in it. However it does not appear that he has any strong legal grounds to contest the present arrangement, and both ex-wife Anna and their three children are said to be strongly resistant to any such change.
Murdoch quotes
"We can't back down now, where you hand over the whole of the Middle East to Saddam...I think Bush is acting very morally, very correctly, and I think he is going to go on with it" [1]
"The greatest thing to come out of this [war in Iraq] for the world economy...would be $20 a barrel for oil. That's bigger than any tax cut in any country." [1]
"News — communicating news and ideas, I guess — is my passion. And giving people alternatives so that they have two papers to read (and) alternative television channels." [2]
"Can we change the world? No, but hell, we can all try."[3]
On Chancellor Gordon Brown, expected to succeed Tony Blair, "I like Gordon very much and I share a lot of his values. The Calvinist background I guess... Scottish blood, you know he does seem to believe in the work ethic."
"In this country, Fox News has gotten a big, big audience that appreciates its independence. There's passion there, and it's pushed. ... It has taken a long time, but it has now changed CNN because it has challenged them — they've become more centrist in their choice of stories. They're trying to become, using our phrase, more fair and balanced." [2]
Also not to be missed
http://myspace.com/murdoch_rupert
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