Except, even for the first world many underlying problems will begin to sprout. This can be seen in the loss of jobs, and unemployment rates within its citizens. As companies outsource for cheaper labor rates, it does not only harm those being virtually enslaved in developing countries, but also causes problems for those in already developed countries. As jobs are being outsourced to developing countries, people are losing their jobs and livelihoods, having to be retrained for a new profession late in life. Globalization under capitalism only creates a deadly game of cat and mouse between industrialized developing countries, and consumer countries. As the balance of power shifts as developed countries spend away into oblivion, the roles between nations will only be flipped, causing a never-ending cycle of
Except, even for the first world many underlying problems will begin to sprout. This can be seen in the loss of jobs, and unemployment rates within its citizens. As companies outsource for cheaper labor rates, it does not only harm those being virtually enslaved in developing countries, but also causes problems for those in already developed countries. As jobs are being outsourced to developing countries, people are losing their jobs and livelihoods, having to be retrained for a new profession late in life. Globalization under capitalism only creates a deadly game of cat and mouse between industrialized developing countries, and consumer countries. As the balance of power shifts as developed countries spend away into oblivion, the roles between nations will only be flipped, causing a never-ending cycle of