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It depends what country I'm in.

Some countries will profit greatly by globalization some will lose.

As I'm in the USA I am ....'pessimistic'....The US has had more money, more wealth, higher wages than the other countries for a long time, and still does to a large extent. Globalization (1 world economy) by economic law will over time result in a new economic 'equilibrium' median point (for wages, wealth, etc.) for the whole earth across all countries. As the US has the highest wages/ wealth etc. that new equilibrium median point will be (and must be) lower than what the US has now.

The 'up side' of globalization for the US is....cheaper goods (as more and more of the countries of the world all produce them).

So, for Americans globalization means....lower wages, lower wealth, longer work (to compete with everyone else) but cheaper goods....For myself personally being in the US I would be better off with the 'old' US system....higher wealth, higher wages, less work, expensive goods...but that is not in the cards. Modern technology/civilization makes globalization here to stay and we cannot stop the world spinning and jump off it.

Americans will have to accept it means lower wealth, wages, longer work for them but cheap goods....While meaning higher wages, higher wealth, shortening work periods, affordable goods for most of the rest of the world.

Neither it makes me feel rebellious.

1967 - Morgan Stanley had about 75 employees in 1 office and capital of 14 million.

2012 - Morgan Stanley more then 60K employees offices world wide and Capital of 62 Billion.

During this time how many recession have we had?

How come they always seem to get the better part of the deal.

Also a number of Elite executives from the Banking Sector are appointed to make decisions with our money in Goverment. There is no representation from the Auto Sector , The health Sector or even the Social Sector.

It is all controlled by big bank.

India is a case in study

1991:-

Assume GDP 10000 and GDP/person 100.

10x 490 + 30x 130 + 60 x 20 =10000

2011 :-

assume GDP 28000 and GDP/person 200 ( 2% rise in population)

2000x10 + 50 x 140 + 50 x 20 =28000

Consider 6% annual inflation in between ie CPI 320 in 2011 wrt 100 in 1991

conclusions :- 1.cream has become thicker in fat

2. scum too has become thicker in dirt.

3. Middle class has increased in number, earns same, % inflation 220% but 66% more buyers for middle class goods so they went up 430% !!! SENSIBLE inflation is 8.5% annual for 20 yeras !!!

4. Nominal growth for 20 years, 5.5% annual

5. they are going down Real GDP/person

6. real GDP growth is negative.

7. Increase in volume of " literate salaried " has WELL HIDDEN the FAT atop and DIRT down-under

and also that this larger volume is poorer than the previous one a on an average.

8. They have to quickly turn communist, they are not Greece that Merkel will bail them out .

9.They tried their luck with world bank in 1991 and were kicked off to go global -go liberal.

10. Smugness and hypocracy and treachery is in their culture - won't do anything to improve.

pessimistic because I dont know where im going to find enough paper to buy all the cheap junk at walmart, let alone buy a house to live in. more importantly, for another negative, with all the globalization weve already experienced, we may have already had an unwelcomed incoming of God knows what. with all the smart people and advanced technology out there, we could already be in like an "x-box" 4000 that was made in the future where there are not enough resources for everyone so they had to put us in something like "the matrix"

I'm optimistic like the frog that can see the ocean.