Globalisation is not creating a free market. It is creating a closed market for some with an ultimate monopoly. While the US preaches free trade and opening of economies, it is itself erecting one barrier after another to trade into American mainland. From the fixation of quotas to the use of environmental and social clauses and human rights, it is the one who has undermined international trade. We are witnessing the devastating effects of globalisation in Brazil.
Brazil is rich in natural and human resources.
Yet, a large percentage of the population lives in misery. The US, European and Japanese finance capital dominates the economy. Our biggest problem today is an enormous debt and the high interest attached to the debt. Servicing this debt diverts money from production which leads to large-scale closure of plants, higher unemployment and poverty and lower taxes and consumer spending. The government then borrows more.