As a business graduate I have a hard time reading some of the post on these forums which are borderline ignorant.
First,
There is something called a balance score card in business. A good business will balance the interest of stakeholders involved. Stakeholders include the community, workers, shareholders, customers, etc... Although it is the responsibility of a business to turn a profit, placing all the eggs in one basket is typically not ideal.
For example, Enron focused on maximizing shareholder interest blindly, without considering the methods to be used to achieve those goals. This is a very "short term" way of thinking, which in the end caused its downfall. Failing to take a complete balance into perspective is simply bad for business, and shareholders also suffer the results of bad business decisions.
Costco is an example of a company which many consider to over compensate employees. However, when you listen to the CEO of Costco, he doesn't compensate employees for the sake of being nice, he does it because he believes it is good business, and good business practices will in the "long term" (or even short term) benefit all stakeholders...especially shareholders.
Second,
Whoever said Globalization is a disease
really needs to take an economics class. This type of thinking is exactly what restricts trade, and ends up hurting the growth of developing countries. Let me give a K through 5 example.
From Wikipedia (Example 1)
Two men land alone in an isolated island. To survive they must undertake a few basic economic activities like water carrying, fishing, cooking and shelter construction and maintenance. The first man is young, strong, and educated and is faster, better, more productive at everything. He has an absolute advantage in all activities. The second man is old, weak, and uneducated. He has an absolute disadvantage in all economic activities. In some activities the difference between the two is great; in others it is small.
Is it in the interest of either of them to work in isolation? Specialization and exchange (trade) can benefit both of them.
How should they divide the work? According to comparative, not absolute advantage: the young man must spend more time on the tasks in which he is much better and the old man must concentrate on the tasks in which he is only a little worse. Such an arrangement will increase total production and/or reduce total labour. It will make both of them richer.
Specialisation and exchange will not be possible if there is an absolute resource constraint. If, for example, the amount of fresh water available on the island is enough for one man only there will be war.
If you want learn more:
Wikipedia Comparative advantage
EDIT
Last
Why do people think we control this economic system? That's the incredible thing about free trade, no one really has complete power, because in the concept of free trade you can use influence (sometimes great influence), but not force. Force is socialism.
America doesn't control free trade and/or free markets; we just are the best at exploiting it. That's a key concept most failures never understand. They blame others for their faults, and don't ever get that they hold the power to better themselves, and those around them. But other countries are learning, and learning quickly. And as they better themselves, we all benefit as well. Yes, there will be road bumps, and people who suffer from exploitation, but as countries mature those exploitations lessen. But that is better than the constant explotation of socialism /communism / fascism.
If you don't understand me, look a Hong Kong and India over the last 50 years. Hong Kong under British rull had
no wage laws, free and open markets, and the result was one of the highest standards of living in the world...all built on a rocky harbor with little natural resources.
Now look at India 10 years ago, free society, but socialist economy with laws to protect all aspects of trade and measures to "prevent exploitation." What happened? They hindered trade, free markets, and people were left starving in the streets of Calcutta. I'll take the Hong Kong approach.