Global Economy (SumBlog 4)

What on earth is a global economy? It’s a question that we are asked to answer, but if we have no idea of what our own individual global identity is, how are we supposed to say that we have an exact definition of a global economy? Well, one could look at it and say that it is the idea and action of all the countries in the world participating in the economy to share and receive goods and services to benefit their country’s well being. However, let’s really take a look at how this global economy turns out.

                What type of economy do we consider a world economy? Well, it shouldn’t be too big of a shock, it’s a capitalistic society. Now, is that really what’s best for the entire world? Honestly, I don’t think so . I think that each country should have the right to choose their own economic system, and then try and work it into a global economy where every country participates if it so desires in a way it so desires. I mean, would that really be so bad? I don’t think so. However it would be VERY hard, and very complicated… but even now, as we look at a global economic crisis, and the US governmental shutdown over a budget, are we really in the best place possible right now? I don’t think so, and I think it’s time that we stopped looking at what has worked, and start looking at would, and could make things better. If we always stayed the same, and never really created new and advanced ways to do things, would we really be better off? I mean think about it, if we never advanced past the 1950’s, there would be many things that would be completely horrible, in terms of workforce, and in terms of equality. Attached to this blog I have put a picture of the world on the different types of money currently used. Now, when I see this, I just have to think, would a world that only values the money shared between it, be able to still value it’s people the same way? With that thought, I leave you to make your own decisions on whether or not a global economy is really the best.