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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: shades who wrote (67406)8/13/2005 1:48:39 PM
From: Slagle  Read Replies (2) of 74559
 
Shades, Re: "Bhagwati" I listened to about half of it and NO it didn't convince me of anything. <g> But it was worthwhile and for sure I WILL next time I go to Barnes and Noble scan some of the chapters to get an idea about his position on some of the real dangers of globalism. I would have listened to all of it but I like to see what the "Cashin In" guys have to say, especially Jonathan Hoenig and they come on at 11:30.

I didn't hear Bhagwati get anywhere near any of the real sore points of globalism; he went on and on about the social plight of young women working in "export processing zones" and the like. I don't need him for that, I have a bunch of in-laws in exactly that position so I'm already up to speed on that. And those "irritations" are not the problem with the scheme anyway.

Beyond the unfairness and the rapatious wastage of resources and environmental destruction I guess my main beef with globalism is that it damages democracy and especially nationalism. It causes a shift in the balance of power from the individual nation-state to unaccountable and remote power brokers operating in a lawless international environment. And worse, it causes the creation of a VAST pool of extraterritorial capital that is then used to BRIBE politicians and governments around the world. It is as evil as Satan. <g>
Slagle
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