Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (65363)	6/23/2005 12:02:32 PM
From: Slagle	Respond to of 74559

energyplay Re: "globalism" I was watching a fairly heated exchange on CNBC this morning and one of the participants was a head lobbyist for a Washington PAC. His position was total advocacy of "free trade" and opposition to protectionism in any form. But he said something that I thought was very interesting, to the effect that with unemployment at 5.1% there would be no support for protectionism but if unemployment rose to 8.1% "all bets would be off the table." And thats how fragile the underpinnings of "globalism" really are. Here a leading advocate of "free trade" admits that with a relatively insignificant rise in unemployment just here in the US then protectionism will arise. Personally, I'm out there with Raymond on this one. <g> I don't think that the behavior of these giant multi-nationals has a thing to do with "free trade". Its a rigged system as politicians are bought off on both ends of the loop. For free enterprise to flourish it must operate within a framework of law. The extra-territorial multinational is really a law unto itself and can do as it will. Internationl regulation won't work either. And there are just too many internal contradictions for the present arrangement to endure, one of the main ones being the supply of energy. Could a more wasteful scheme have been invented by the devil himself? <g> Then there is the social, moral, environmental, global warming ect. aspects to the arrangement. I think it will fail, but I don't know when. Would write more but a bad thunderboomer is coming. Gotta log off. Slagle