Saturday, August 24, 2013
ONE OF MY BEST OLD ONE LINERS RE WHAT I CALL THE GLOBALIZATION TRAP
You can economics your way into it, but,
'YOU CAN'T ' ECONOMICS ' YOUR WAY OUT IT.'
(Behind all complex facades and machinations, macro economics really is a one trick pony.)
Widespread, really ubiquitous, political instability is going to be its hallmark.
Ultimately, folks, you will have to fight your way out.
Few countries would even have the luxury of trying to partially exit globalization.
That, of course, will not be how such a conflict or conflicts will be framed, for the average Joe.
It will not be a zero sum conflict.
It won't probably, immediately, have any clearly identifiable ' winners '.
'YOU CAN'T ' ECONOMICS ' YOUR WAY OUT IT.'
(Behind all complex facades and machinations, macro economics really is a one trick pony.)
Widespread, really ubiquitous, political instability is going to be its hallmark.
Ultimately, folks, you will have to fight your way out.
Few countries would even have the luxury of trying to partially exit globalization.
That, of course, will not be how such a conflict or conflicts will be framed, for the average Joe.
It will not be a zero sum conflict.
It won't probably, immediately, have any clearly identifiable ' winners '.
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