Market Globalism Essay

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Market globalism is the strongest ideology of globalization, because it has a direct impact on the lives of every human being. Behind the term neoliberalism, there are many concepts. It envelops globalization, democracy, fair trade, liberalization, privatization, monetarism, open market operations, etc., creating all together one globally integrated market. Globalization is said to benefit all, but is liberalization of the market truly the ultimate advantage? Neoliberalism was seen by Herbert Spencer as “the most civilized form of human competition, in which the fittest companies would naturally rise to the top” . Due to self-regulation, or “the invisible hand”, free markets regulate themselves, leading the market to a natural equilibrium. Free trade, not to be confused with free market, is an economic custom whereby countries can export without government intervention. This all seems very unproblematic, but does it benefit all, and is free market really free? In a recent interview , Steger stated that market-led globalism claims that in the long run globalization will benefit all...

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