Globalization

[Yamikaiba123]

Good thoughts.

[Zzozze]

This guy thinks so much the way I ever did!

The big difference is his talent to express it so acurately and so clearly: this, I can't.

Everything is clear in my head (inclusive my tendency to irrationality) but the proper words don't easyly come out. Thanx Dan.

[phospheneca]

globalization tramples over national/individual sovereignty....freedom of choice....free will.

Dictatorship on a global scale.

[Zzozze]

Freedom of choice is a very dear illusion

[jonnniefivemiles]

It's definitely something to think about.

[probatista]

You sound like globalization is an irresponsible decision made by a few people. Usually before the act of opening markets there is a lot of discussion, from hysteria and polemics to serious studies. That's what happened with most multilateral and bilateral agreements, and overall it has been observed that in general its advantages are bigger than its disadvantages. And of course it implies in bigger inter-dependence, which is true in good and bad times.

[zetaloid]

To paraphrase "Get a mac, you don't have to worry about viruses".

Build the system differently, not necessarily restrictively as you suggested.

[winkler1b]

A bigger risk: the notion that risk can be *eliminated* with credit default swaps. CDS's are 60 Trillion.... it's the "voucher instead of money causes greater cheating" example from your book, taken to the Nth degree.

[chris3443]

Of course this wouldn't be the case if the market was less government-controlled, since risk would be more reasonably assessed from a personal point of view.

[Zzozze]

It wouldn't really make a difference