Globalization impact on consumption and distribution in society

Abstract

One of the greatest threats to the capital reproduction globalization is the significant increasing of unemployment. Outsourcing creates workplaces outside the framework of TNCs, but in frames of the national economy. From our point of view this is a way to maximize the financial result. Unemployment, even technical, increases social spending. At the same time, the idea of basic income should change the priorities in the system of distribution of the reproduction result. The key beneficiary of sharing-economy approach is a consumer, who can save something on intermediaries or transaction costs. The development of sharing economy rather indicates that TNCs are not planning to lower their rate of return. However, the growing technological unemployment simultaneously with the stimulation of demand found a solution. The solution is the joint consumption of goods produced by the sharing economy. Historical examples of solution to the problem of distribution clearly demonstrate the importance of transforming the reproductive cycle’s financial architecture. The models operating on the basis of fair distribution have not only prospects of development, but also are capable to change society attitude to the concept and approaches to consumption.