What this worldwide recession proves: Globalism is a fatally flawed model in the present economic and ecologic sense. Protectionism may not be the answer, but nor is leaving one’s country ripe for manipulation at the hands of commodities and foreign currency traders, resource shortages and above all too-close-to-the-bone ideas about corporate “efficiency” that make transcontinental supply chains so perilously thin and easy to disrupt. Why we need a cell-based economy. Stat.
Archive for October, 2008
Rethinking Globalism: Why We Need a Cell-Based Economy
Posted in economy, media, politics, tagged debt, David Walker, economists, recession, Depression, comptroller general, lending, Dollar, inflation, deflation, investors, Greenspan, globalism, deficit, bankruptcy, Green, prepare, emergency, bailout, financial services, Wall Street, Main Street, markets, subprime, mortgages, banks, mergers, institutions, corporations, economics, McMansion, homeowner, defaults, credit, bull, bear, community, financial, sustainability, suffciency, investment, cell, Phil Gramm, deregulation, GSE, rescue, No Bailouts Act, Sweden, Nordic, Federal Reserve, interest, rates, scapegoats, blame game, local, regional, trade, international, survivalism, stagflation, downturn, DOW, NASDAQ, S&P, contraction, treasury secretary, Bernanke, Paulson, taxpayers, too big to fail, socialism, capitalism, underwriters, risk, accountability, Clinton Administration, Bush Administration, greedy, middle class, IOUSA, insolvency, savings, Mid East, sovereign wealth funds, Arabs, China, Greifeld, capital, system, outsourcing, fire sale, assets, manufacturing, supply chains, redundancy, waste, national security, foreign policy, productivity, Titanic, World Federalism, trillion, unemployment, president, taxes, organisms, multinational, entities, protect, ecosystems, systems, model, regulatory, cell-based, Fiscal Wake-Up Tour, policy, supply chain, efficiency, models, corporate, transcontinental, commodities, foreign currency, resource shortages on October 7, 2008 | 3 Comments »
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