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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (6892)	11/5/2001 5:46:31 PM
From: Moominoid	Read Replies (1) \| Respond to of 8150

A lot of the really bearish predictions I see on some of these threads ignore the fundamentals of economic history. They see the Dow say, falling below the peak leevls of 1929 in inflation adjusted terms for example (or worse). That just ignores population growth and the real economic growth that has occurred over 70 years as well as a natural deepening of the capital markets that occurs over the course of development....

To: Chip McVickar who wrote (6892)	11/5/2001 5:49:50 PM
From: dospesos	Respond to of 8150

Chip, the only part of that I might disagree with is the very last. The globalization movment operated under the assumption that tribalists should be welcomed in, and that they would not only buy the goods but be grateful to do so. And most important, they would become "just like us". The terrorists have proven that to be an incorrect world view. We have made the toys and necessities so "user-friendly" that they do not need to adopt our value systems to use them. In fact they can turn them against us very easily in ways we could not previously imagine. Therefore my feeling is that the globalization movement is dead and buried. It's been on life support for a long time anyway as people AND nations learned to take the credit, spend it, and default. MyGuess is we see more regionalization and what P.Q.Wall refers to as "zoning". The tribalists will be restricted to their reservations as we find them impossible to live with as they are uncivilized. It will take the "leaders" in the West a while to catch up to and admit this, but it's inevitable. Inclusionism and diversity have fouled their own AND OUR nests. Time to accept it and move on. Tom