Globalization

[snousle]

Here is an unusually interesting article about globalization and why nobody profits from betting on apocalypse.

It's one of the few things I've read that takes both the pro- and anti- arguments seriously. Interesting quote: Almost every financial bubble has involved nothing more nor less than a serious miscalculation about the true probability of successful globalization.

Comments

[mellowtigger]

I dunno. He states "...every path away from globalization will end in catastrophe." I don't buy it.

I think globalization is a natural increase in complexity, but I still think there are ways to survive quite happily without it. When biological systems get separated from larger organizations (rising oceans, continental drift), they undergo great change but they don't (as a rule) just outright fail because of the separation. I tend to think of economic systems as just another kind of biological system. (Thanks to "The Nature of Economies" by Jane Jacobs.) Evolution occurs in all of them. Isolation can produce beautiful new products. I don't believe that globalization is a necessary future.