Globalization and Inequality

Globalization has two aspects. One of it's most important aspects, which has a severe impact on the "prevention of poverty and inequality", is the mobilization and release of capital, This movement not only prevents the workforce from obtaining the minimum standard of living, but also, through the high bargaining power in the area of tax reduction, decreases the power of government to create the infrastructure for the workforce and the population suffering from inequality. The decrease in social protection will change income poverty to ability poverty and consequently will increase the severity of overall poverty and inequality. At this point, globalization, with its liberal nature, has a negative impact on the quality living for the majority of the population. Many have come to the conclusion that the remedy lies in changing the trend of globalization from a market-oriented approach to a people-oriented approach. The only solution is to begin by returning the power of the government to establish extensive social protection, as well as social supervision of the capital of the world.