First of all Globalization increases poverty for the third world. The advocates of globalization might try to convince you that globalization eradicates world poverty, while evidence proves exactly the opposite. The saying, “The rich get richer, the poor get poorer” applies perfectly to globalization. Even in the United States, inequality is increasing. According to Nancy Birdsall in a study for the United Nations, the income of the poorest 20 percent of households in this country has been steadily decreasing since 1970 while the income of the richest 20 percent has increased by 15 percent and that of the richest 1 percent by more than 100 percent. At the global level, since 1950, the portion of the world’s population living in poor countries grew by 250 percent. Today, 80 percent of the world’s population controls only 20 percent of the world’s wealth. The ratio of average income of the richest country in the world to that of the poorest has risen from 9 to 1 at the end of the nineteenth century to at least 60 to 1 today. Globalization has devastated the economies of many countries, because the institutions that control globalization—organizations like Nike, Microsoft, and Starbucks—do not act out of the best interest of the world, but out of their interest in their own pocketbooks. Money from globalization in fact is not distributed evenly but ends up most in the wealthy populations bank accounts and the results of globalization on the environment from this greed is devastating and almost impossible to recover from.

In conclusion my fellow comrades I hope from the bottom of my bleeding heart that bef

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