[Documentary] Globalization is Good by Johan Norberg

Globalisation is Good is a 2003 documentary film written and presented by Johan Norberg and produced by Freeform Productions for British Channel 4. The film, directed by Charlotte Metcalf, is based on Norberg's much celebrated book In Defense of Global Capitalism (published in 2001) that shows his view of the impact of globalisation, and the consequences of its absence. In the film, Norberg travels to countries like Taiwan, Vietnam and Kenya promoting ideas of global capitalism and attempting to prove why he feels protestors entering the anti-globalisation movement are ignorant and dangerously wrong. I uploaded this video with the objective of show you that Capitalism and Globalization aren't bad things as the left media has shown. I hope you enjoy it, and that you might comment whatever you want in the section below. Tags: Capitalism is an economic system in which trade, industry and the means of production are controlled by private owners with the goal of making profits in a market economy.[1][2] Central characteristics of capitalism include capital accumulation, competitive markets and wage labor.[3] In a capitalist economy, the parties to a transaction typically determine the prices at which assets, goods, and services are exchanged.[4] The degree of competition, role of intervention and regulation, and scope of public ownership varies across different models of capitalism.[5] Economists, political economists, and historians have taken different perspectives in their analysis of capitalism and recognized various forms of it in practice. These include laissez-faire capitalism, welfare capitalism and state capitalism; each highlighting varying degrees of dependency on markets, public ownership, and inclusion of social policies. The extent to which different markets are free, as well as the rules defining private property, is a matter of politics and policy. Many states have what are termed capitalist mixed economies, referring to a mix between planned and market-driven elements.[6] Crony capitalism, is a state of affairs in which insider corruption, nepotism and cartels dominate the system. In Marxian economics this is considered to be the normal state of mature capitalism, while in anarcho-capitalist theory it is considered a political distortion of capital and markets.[7] Capitalism has existed under many forms of government, in many different times, places, and cultures.[8] Following the demise of feudalism, capitalism became the dominant economic system in the Western world. Later, in the 20th century, capitalism overcame a challenge by centrally-planned economies and is now the dominant system worldwide,[9][10] with the mixed economy being its dominant form in the industrialized Western world. Different economic perspectives emphasize specific elements of capitalism in their preferred definition. Laissez-faire and liberal economists emphasize the degree to which government does not have control over markets and the importance of property rights.[11][12] Neoclassical and Keynesian macro-economists emphasize the need for government regulation to prevent monopolies and to soften the effects of the boom and bust cycle.[13] Marxian economists emphasize the role of capital accumulation, exploitation and wage labor. Most political economists emphasize private property as well, in addition to power relations, wage labor, class, and the uniqueness of capitalism as a historical formation.[6] Proponents of capitalism argue that it creates more prosperity than any other economic system, and that its benefits are mainly to the ordinary person.[14] Critics of capitalism variously associate it with economic instability[15] and an inability to provide for the well-being of all people.[16] In contrast to both perspectives, socialists maintain that capitalism is superior to all previously existing economic systems (such as feudalism or slavery) but that the contradiction between class interests will only be resolved by advancing into a completely social system of production and distribution in which all persons have an equal relationship to the means of production.[17] The term capitalism, in its modern sense, is often attributed to Karl Marx.[8][18] In his magnum opus Capital, Marx wrote of the "capitalist mode of production" analyzing its functioning using a method of understanding today known as Marxism. However, Marx himself rarely used the term "capitalism", while it was used twice in the more political interpretations of his work, primarily authored by his collaborator Friedrich Engels. In the 20th century defenders of the capitalist system often replaced the term capitalism with phrases such as free enterprise and private enterprise and replaced capitalist with rentier and investor in reaction to the negative connotations associated with capitalism.[19]