M. Venkatesh on Rediff on Root of Globalisation

Nevertheless, it was this mindless consumption that acted as an engine of global growth for the past several years. In the process it ushered in great amount of prosperity at the macro level, never mind the imbalance associated with it.
Consequently, anyone who questioned the intrinsic instability of this model was branded insane. That explains why globalisation remained mostly un-critiqued.

This was succinctly put forth by my teacher who brilliantly explained the extant Western economic model as hereunder:

Atomised individuals;
Which in turn meant socialised women;
That in turn caused the collapse of the institution of families;
Consequently, reckless individualism leading to gargantuan consumption;

Finally that lead to nationalisation of responsibilities of families.
This in turn had the following inevitable consequence:
A pauperised State that was unable to carry on the responsibility of family;
This, in turn, lead to privatisation of the functions of government;
Naturally, that demanded a corporatised approach to economy; and
Finally, that necessitated a globalised market for the survival of these corporates.