"The Global Economy" by Jeff Kemmerling

Global economy is defined as the interconnection of the economies of politically independent countries in trade, transfers of capitol, labor, production, and distribution. The global economy has emerged, for the most part, in the last fifty years since World War II. Undoubtedly, the global economy is here to stay; several factors have contributed to this. Less than fifteen years ago, no one had heard of www.whatever.net. Most people now know that "www" stands …

…that "it all boils down to class." The working class is under the control of the corporate elite, the captains of industry. He points out that the corporate elite are not just the rich. (Someone who wins the lottery is rich, but he does not necessarily affect the working class.) The corporate elite controls the economy, and now that the economy is a global one, the working classes of all countries are under its influence.