The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Maurice Winn who wrote (3066)	8/19/2019 5:50:45 AM
From: elmatador	Read Replies (2) of 13801

Maurice the term globalization was supposed to be opening markets. Make what you call voluntary exchange global. Whatever was done in an individual country, would be done globally. It was positive because capitalism had won. The Europeans, with more expertise on that, immediately created the EU block. In that original globalization concept, countries would compete based on their strengths. But globalization became bastardized. China took copied the exporting model of South East Asians -cheap cheap production- all manufacturing, India became the world's IT department and commodities producers became farms and mines. The world has now woke up. China wanted to leverage its manufacturing prowess for geopolitical competition. Hang on! Were not these guys supposed to keep moving their population up the scale after taking them out of abject poverty? No! China wanted to promote their system for the rest of the world to follow. It didn't work. China soon will beoce a has been. Just like Japan.

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