Friday, September 30, 2011
RE PHONY FEAR FACTOR NYT KRUGMAN FRAGILE REGIMES EVERYWHERE
He is hampered, in his argument, about the American domestic political situation, by the big globalistic elephant in the room, the fact that businesses he is mostly talking about are the biggest ones, not the smallish ones that are mostly hurting or dogging it.
The MNCS are now mostly manufacturing servicing and even selling from mostly offshore, although their political influence here is at a Fledermausian peak.
These MNCs want fairly weak, but somehow also rather stable, laissez faire regimes, less regulation lower taxes, everywhere, which is what they have mostly gotten, until now.
It cannot go on much longer, unfortunately for all, partly because overly weak regimes fail under stress.
It has been an economists' game of globalization at all spectrums of economist. See his old article "Dutch Tulips and emerging Markets",
at eg 'The Real Payoff to Reform', "Economists have,...".
'Free trade and sound money', a tireless refrain in good times and bad.
Terms search: many terms, eg flatly wrong,
try, lately: Has Western Capitalism Failed?
The MNCS are now mostly manufacturing servicing and even selling from mostly offshore, although their political influence here is at a Fledermausian peak.
These MNCs want fairly weak, but somehow also rather stable, laissez faire regimes, less regulation lower taxes, everywhere, which is what they have mostly gotten, until now.
It cannot go on much longer, unfortunately for all, partly because overly weak regimes fail under stress.
It has been an economists' game of globalization at all spectrums of economist. See his old article "Dutch Tulips and emerging Markets",
at eg 'The Real Payoff to Reform', "Economists have,...".
'Free trade and sound money', a tireless refrain in good times and bad.
Terms search: many terms, eg flatly wrong,
try, lately: Has Western Capitalism Failed?
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