Future of global capitalism

Thank you very much for your elaborated response. You made many very valid points. Let me start with your last paragraph as well. You described it very well. Having a working society with jobs and purchasing power is essential for any major business, or business/economy in general. But as people have a limited life span, they often tend to focus on the short-term gain and worry less about the course of the society, environment etc. The laws and state regulatory authorities should enforce policies that prevent such business or corporate behavior that puts the prospects of economy and society in risk. But they're failing, because 1) the policies are managed by people who also have a limited life span and can't resist corporate lobbying and also short-term gain (political power, monetary gain, etc). I think if state government wants to play a valid role and in fact have any say in substantial governing in terms of making independent decisions in order to establish sustainability of economy, fair rules (applicable to everyone) and to minimize the negative effects on society, huge effort to change the game should follow. I live in European Union, and I dare to say our politics on the EU level is much harder to influence with the corporate interests than anywhere else in the world. One of the main reasons is that we have established a very complicated, robust bureaucracy and very detailed and particular legal and political rules. But of course, EU can't change the global trends. I wonder, do you think that global authorities with actual power should be established? Maybe one day it will be viable, but so far, no country would willingly give up a notable share of their sovereignty to a multi-national body. Especially not the big and powerful countries. What have I seen, rights violation wise, that you see a continuing trend that gives a corporation, or the individual rich an advantage? Well, let's take a look at the justice system. Globally, there are many places in the world, where you can literally buy freedom (out of jail card) or even an unwritten license to violate the law. Whether you pay with money, with favors or just exercise your influence or power. The United States are a leading superpower when it comes to law enforcement, but the justice system does not handle every individual the same. If I'd like to be dramatic, I would say it sort of executes the socio-economic segregation by harsh application of the utmost severity of law to some, and slap-on-the-wrist to some others often for the very same thing. I by no means speak against U.S., I just evaluate my observations. Certainly, each country has their own problems and needs to figure it out from within over time. The other problem with the trends of global capitalism I see is outsourcing (often even subsided by domestic tax payers) , tax evasions abroad and lowering demand for human workforce. All these are problems should to be addressed before they cause critical or even irreversible damage. You said it well - I also believe there's a good chance the catastrophic consequences may be prevented. People can be greedy, cruel, selfish and ignorant in their nature, but history shows they are also capable of working together and achieve incredible goals. For instance like ending the WWII and preventing recurrence of war of such kind, space programs, technology advancement, global computer network, scientific breakthroughs, international help and many others.