redistribution of wealth (fortunately) appears in all economic types and not just in socialist states;
- authoritarian socialism does it through property redistribution and collectivism.
- welfare states do it via progressive taxation and subsidies.
- neo-liberal economies do it via economic growth and charity.
how the US does its wealth redistribution falls mainly on the third, but also has some hints of the 2nd example, albeit minor.
this is the reason why the thesis of an unfettered and unregulated competition will ultimately not work as
the aim of competition is to eliminate the competitor by any means necessary. a laissez faire capitalism, as advocated by the neoliberals, will ultimately stagnate into hegemony.
this is why we need government regulations contrary to what the neo-liberals at the WTO-IMF are saying, to protect weak economies from being snuffed out by the bigger players. this should run both ways to even out the playing field. this should be the prescription that the WT0-IMF should have given if indeed they are serious about poverty eradication:
protect weak economies while on the process of maturing, at the same time
opening up the strong economies so that the balance of power (political and economic) would even out.
there are things to be done.
first, there is a need to voice out and expose the hipocrisy of the US economic planners on the arbitrary usage of "trade liberalization"; something that they use and impose on everybody else only when it is to their advantage, but resort to protectionism when "trade liberalization" is percieved to be untenable in their own back yard. (we do not have this power as we are held hostage by our credit rating and our national debt)
second, given these stark contradictions, there is the need to revisit and reevaluate the mainstream economic ideology to see if it really serves to alleviate world poverty or is this just a tool for economic and political advancement of one player.
third, the call center/BPO industry, being a tangible manifestation of how the world economic order works, is indeed threatened by this skewed and arbitrary reasoning. as an extension, the economy, down to our very families, are threatened as well. there is a need for the government to re-imagine job creation over and above our dependency to foreign corporations for employment.