Global Capitalism is arguably just another name for diplomatic colonialism, whereby the bigger and more aggressive countries get to have their brand name all over the streets of el mundo, providing jobs for the locals but sucking huge profits back into corporate HQ accounts. Sometimes these capitalist giants can even negotiate tax breaks from governments eager to keep their economies stable (take the UK with regards to Google and Amazon for example). Tax avoidance is also available!
This is all well and good and perhaps just another form of exploitation we'll have to put up with for a few decades but what gets me is the role of the banks in all this race for pure profit at the expense of human values type of scenario. I mean, the banks seem to be ruthless, carefree and a bit 'casino like in their attitude to the stock markets and trading rates. In some cases the banks have been guilty of recklessness and simple cloak and dagger style business strategies. They've rigged rates of exchange. They get away with murder and no-one pays the price!
By having their goods and wares manufactured or at least put together or maybe even sourced in countries where labour is cheap and plentiful the capitalist economies will continue to prosper. These established 'old world giants' (USA, Germany, UK, France, Japan) however will have increasing competition from the likes of China, Brazil and India who are now playmakers on the global stage. Old worlders will have to adapt quicker and diversify, or join together with others a la Europe to form pacts and build allegiances. It's all very bewildering.
Thankfully still alive and just kicking are the smaller companies and businesses trying to be honest and hardworking and ethical whilst the corporate and larger private bodies, in some cases, do exactly the opposite! All we can hope for is deeper and more sane democracies to help keep the peace whilst capitalism works away at keeping most of us fed and healthy.
I don't much like capitalism as a concept because it breeds greed, arrogance and fear, and allows the fat cats to prosper but it'll do for now, until the next revolution!!