1. World problems
  2. Over-concentration of capitalist development

Over-concentration of capitalist development

  • Concentration of wealth in centres of industrialization

Nature

Globalization is producing a twofold process of concentration in the centres of greatest capitalist development. One the one hand the world's wealth is increasing and becoming concentrated in them, while on the other hand internal inequity is growing, concentrating the wealth in just a few hands.

Counter-claim

For many of the developed countries, the processes of globalization have enabled them to embark on a new cycle of expansion in economic terms and a new cycle of worldwide spreading of their values and customs. The opening of the borders of countries living in a planned economy system and countries with protected economies has meant a substantial increase in room for manoeuvre by transnational companies and corporations with links with developing countries. This increase in levels of economic growth, product and goods available has not produced the consequence of a greater spread of wealth but, on the contrary, greater economic concentration, both in the developed countries and in the upper classes of the population in countries linked in with the new globalized activities. This twofold process of concentration is one of the characteristics of the current process of globalization.

Aggravates

Personal wealth
Presentable

Aggravated by

Oligopolies
Excellent

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #17: Partnerships to achieve the Goal

Metadata

Database
World problems
Type
(D) Detailed problems
Subject
  • Development » Development
  • Industry » Industry
  • Metapolitics » Political theories
  • Value redistribution » Value redistribution
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    Nov 29, 2022