What is the role of global capitalism, and what are the consequences of this?

Answer 1

The United States remains, for the moment, the most powerful nation in history, but it faces a violent contradiction between its long republican tradition and its more recent imperial ambitions.

The fate of previous democratic empires suggests that such a conflict is unsustainable and will be resolved in one of two ways. Rome attempted to keep its empire and lost its democracy. Britain chose to remain democratic and in the process let go its empire. Intentionally or not, the people of the United States already are well embarked upon the course of non-democratic empire

Answer 2

Global capitalism is what we are experienceing now. This means that the money of the world is in the hands of a few & they say where their money goes & it goes where they can receive the greatest return on their investments.
The consequences of this are that they destroy the ability of the countries to provide living wages & jobs to the people of the country from which they remove their money.
For a while the next country has a great surge in productivity & greater funds to provide for their families. When the investors find a country that will work for less, have fewer benefits, & will provide them with a greater return on investment, they move on to the next country.
This creates terrible consequences for those left behind by the wealthy in their quest for greater wealth.
There are not infinate minerals left in any country, so they move on to the sources of food supply. That is why some companies have purchased large farms, in which the small farmer cannot compete, so they either sell the land to big business or try to ike out a less than adequate living. In the end; they will have to sell. Then think of what you are going to pay for your boxes of cerial!
Already the trend has started, the corn growing farmer can sell to the ethenol factories for more than he can sell to the cerial companies. Not to worry, they are owned by the same group of capitalist, they won't loose a dime, you will.
I could go on; but you get the picture. Think of some of the things that used to be affordable but now cost an arm & a leg, Big Business at work!

Answer 3

The role of global capitalism is a free market where goods and services go where they need to go and prices are dictated by supply and demand. The consequences of this are that some people can't afford the prices set by supply and demand which arises concerns of social inequality and an uneven distribution of wealth. Read up on Adams' "The Wealth of Nations"

Answer 4

Global trade makes everyone happy, richer. To London City banker and his clientele or Manhattan Wall Streeter this counts in more billions for institutions and millions to personal bonuses. To Third World workers this is a chance to survive and eat something. Without global trade they would starve or fell sick and die quickly. Your question is very broad. Logically I'd answer: Role of capitalism is to get profit out of added value on global level, consequenses are obvious exploitation of salary and wage workers or in another words (both true and hypocritical) the poor of the world are given opportunity to survive (without capitalist corporations they'd starve, die of infectious diseases) remember global population is unprecedently huge posing real threat to environment.