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Wednesday, September 8, 2010

RE AMERICAN LEAD MARKET GLOBALIZATION TAKING DOWN THE EU WITH IT

The title really says it all.

We really lead them into this cul de sac.

Few European nations have been very enthusiastic about expansive globalization of production. They have sort of had to get into it, as a race to the bottom of production costs.

Globalization has been, once the Marshall Plan recovery was successful, if not a uniquely American predilection, at least mainly our foreign policy agenda.

Time to pay the piper, so to speak.

Some people think this will have a peaceful and happy denoument of gradual devolution.

I am not one of those.

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