RE KRUGMAN'S EDITORIAL NYT A FINITE WORLD A WORLD NOT FOUND IN NATURE UNPROSPERITY TRICKLING DOWN

Monday, December 27, 2010

RE KRUGMAN'S EDITORIAL NYT A FINITE WORLD A WORLD NOT FOUND IN NATURE UNPROSPERITY TRICKLING DOWN

Unfortunately, "at a fundamental level, it is about us."

The US, grew the developing world, almost singlehandedly, by strategic global market capitalism and American consumerism, as a great ideological alternative to communism, arguing that there was no domestic down side except a little dislocation of some employment at home.

That turned out, even by say the 60s, not to even be true.

Further, with respect to commodities, it has shown itself to have been a truly catastrophic strategy, developing large hungry global 'market' competitors everywhere, each of which wants more of the 'finite world', a world not found in the economists' models, a world moreover not found in nature, from its global market competitors.

Unfortunately, gradualism, of growth of a pacific, but hungry, 'global middle class', is probably not what we will be seeing, going forward, as further dislocations, not even just financial or fiscal or monetary ones, dog every regime.

We have been seeing more aggressive nationalistic regimes and civilizations. Cf. Margaret MacMillan's citation from Paris 1919, 'vicious from the moment of their birth'.