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Unformatted text preview: gold standard were put in place which still allowed foreign countries with wealth to exploit the weaker countries. Private companies would create businesses in the low tax and weakly governed nations and still exploit the land and people. Cheap wages and even cheaper raw materials were and still are being taken from the weaker nations. Eventually wars will be fought and are currently being fought over what these nations have to offer the global economy. But instead of a fair trade the rich take all the benefit while the lesser nations grow even weaker. After all this, the gap between rich and poor, at a global level is growing. The strong are exploiting the weak in the name of capitalism....
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This note was uploaded on 11/18/2011 for the course UGC 112 taught by Professor Barry during the Spring '08 term at SUNY Buffalo.
- Spring '08