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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (7242)	10/21/1998 1:05:00 PM
From: Z268	Read Replies (2) \| Respond to of 9980

Bosco and all: Another thought provoking article from The Nation: thenation.com My 2 cents worth on the a prosperous world based on global market capitalism: 1. Globalisation of the world economy. This is a myth, if we expect the outcome to be a uniformly prosperous world. The experiment of the last few years has proven to be a failure, because governments have abdicated their roles, and handed control over to the free market capitalists. This group of intellectuals possessed of huge brains are unfortunately afflicted by a peculiar myopia which renders them incapable of seeing beyond the next quarter's results. They see countries as markets defined by a set of statistics, not as nations populated by real living humans. Governments need to take back the lead, because capitalists do not measure progress in human terms, only financial and monetary terms. 2. On coalition measures such as the IMF. Let's face it. This is another failure, as all coalition measures are doomed to be, if stuffed with too many agenda. Speculate on how the reconstruction of Japan under the Marshall Plan would have fared, if it was peppered with European agenda.... History has shown that broad coalition measures have a dismal success rate. The world has entered another major period of upheaval. Dare I say, it may be time for some old fashioned bilateral rescue measures? Just thinking aloud. Steve.