If I tell you that I have a vacant flat and I want you to move in for free! You would never believe me, right? You have a critical stand here. Then why should you believe without investigation that Globalization is the answer to all problems in India? As a matter of fact, it is not. Confused?
As we know, Capitalism is the science of earning profit. How do you think a business man would increase his profit? Well, he has 2 options, either increase the SP or reduce the CP. The first option is not so smart as he would be beaten by his competitors. So he needs to somehow reduce the Cost of Manufacture, right? How do you think that is possible?
The easiest way is to kick out some people and make the others work harder. That's how you will have to pay less workers. There you go. The cost of manufacture has come down! So Capitalism promotes unemployment inherently.
What do you think Globalization is? Is it not foreign goods, money, technology coming to India and vice-versa? Now, when foreign multinationals come to India, they drive a lot of small Indian companies in their respective sectors out of the market, as they can't compete with the huge multinational monopolies. How many unemployed? The MNCs give employment to a handful of people and claim to have turned around the situation for developing countries.
Moreover, most of the people these MNCs hire are experienced who want to shift from their previous jobs. So fresh employment is not substancial. In reality, the net employment created by the foreign companies under Globalization is awfully negative.
These huge multinational monopolies have plethoric money and hence they advertise insanely, which our domestic companies can never afford. The MNCs first kill them and then instigate a propaganda which makes us really believe that Globalization is the best thing ever happened to India. Where is your critical stand?
