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On Thu, 28 Jul 2005, HIT Fanatic
On Fri, 29 Jul 2005, HIT Fanatic Well, my "take" on what I've read that was written by economists falls into these categories: i) part or all of it makes...
Straydog If it is not good -then you should be rejoicing in that failures will result in working coming back to the US. But you seem to be...
Lots of the economist BS-propaganda is rationally self consistent if you don't LOOK for the negatives or the parts of the equation that they just ignore. One of the biggest problems with the "Rube Goldberg" of globalization is that it CANNOT take into consideration vulnerablity to perturbations. eg. the Great Depression. What triggered the GD can be argued (but Griffin, in his book "The Creature from Jekyll Island Jekyll Island is a real place, by the way" traced it back to moves by our Federal Reserve). What kinds of unforseen problems (The best plans of mice and men...) can appear on the scene and mess up the "castle in the sky"? A new disease? Escalating political fights? An asteroid impact in a critical place? Some change in local climate, or flood, or tsunami, volcano, that just messes up that locality and its like throwing a monkey wrench into a complex machine. Remember those power grids interlocked in the USA that, a couple of times in the last few years, experienced a little dinky glitch that magnified itself by propagating all over several states and shut people down for days? Or, the "manufactured" power shortages (this is a fact, now) out in California that forced everyones bill to go into the stratosphere? Its a disaster making itself an even bigger disaster waiting to happen. They don't think about this.