Market globalism is one of the ideologies of globalization along with justice globalism and religious globalism that gives it its values and meaning

Market globalism is one of the ideologies of globalization along with justice globalism and religious globalism that gives it its values and meaning (Steger, 2013). A consumerist, liberal and free-market world is supported by market globalism. This ideology claims that the worldwide phenomenon, globalization, was bound to happen without anyone taking control over it. Individuals who advocate this ideology believes that it conveys and disseminates democracy across the world and benefits everyone in the long run. With this perspective, globalization is advantageous for everyone by integrating local and national markets into a form of global market where products and services are more accessible and the advocacy for a liberal world through the promotion of democracy. Despite its boons, this ideology also presents several drawbacks such as inequality, increasing competition and the possibility of internal political conflicts.